The Business Magazine

  • Home
  • Our Awards Events
  • Deals
  • Listings
  • News
    • All News
    • Subscribe to our eNewsletters
    • Companies
    • Hospitality
    • Deals
    • Events
    • Law
    • Finance/Economy
    • Manufacturing
    • Motoring
    • People
    • Property
    • Technology
  • Our Events
    • Reading 2025 Breakfast Seminar
    • Reading No 1 City
    • TV AIM 2018
  • Features
    • Regular Features
      • Economy/Finance
      • HR/Management
      • Law
      • Profiles
      • Property
      • Technology
      • Town Spotlight
      • Women in Business
      • Business Focus
      • Motoring
      • Hospitality
      • The Legal 500 Highlights
      • Other
    • Southern Entrepreneurs
    • Entrepreneur Profiles
    • Roundtables
  • About Us
    • What we do
    • Meet the team
    • Advertise with us
    • Contact Us
    • How to find us
    • Terms and conditions
    • Privacy policy
    • Current & Past Editions
    • Video

Latest News

  • Follow us on Twitter
  • RSS

South: Quantuma leads on MBO of Miles 33

06/12/2018

Business advisory firm Quantuma has led the management buyout of Miles 33 Group from Ares Capital. The deal was backed by Ethos Partners and Santander.

Founded in 1976 and based in Bracknell, Miles 33 is a supplier of editorial and advertising management software to the media and publishing industries. The company also provides wider corporate marketing automation software to agencies.

The management team, led by Mike Moore, is well positioned to attain its growth plans supported by Ethos Partners. Growth will be driven by the further rollout of the recently developed Gemstone software, as well as increasing sales of its Wave2 software in the wider corporate market.

The US is seen as a significant growth opportunity, with Miles 33 already counting The Boston Globe, Maine Today Media and Record Journal amongst its clients. In addition to its Bracknell headquarters, the business currently has offices in in the US, Italy and Malaysia, and employs over 80 people, generating EBITDA in excess of £3 million.

The Quantuma team, led by partner Ian Barton and director Adrian Howells, provided advisory services to the management team, including identifying both its equity partner in Ethos, and debt funding from Carmen Peacock and Peter Abel of Santander.

Ian Barton said: “This deal highlights the benefits of partnership, and the tenacity by both funders and management in delivering this transaction. Having advised the management team prior to their first buyout in 2005, I have seen it develop its software and geographical footprint and adeptly position the business as one of the global market-leaders in its product offering. We are delighted to have helped management achieve its ambitions alongside Ethos in their first investment.”

Mike Moore, chief executive officer at Miles 33 commented: “We are looking forward to the next chapter in Miles 33’s history, to roll out our new products to provide best-in-class solutions and service to our customers. We expect to see a new phase of growth organically, and we will continue to look at acquisitions to expand our reach. After a period of ownership transition, we are delighted to have true long-term funding partners who are keen to support our strategy.”

Julian Carr, principal at Ethos Partners said: “Quantuma has provided fantastic support and demonstrated a real depth of understanding of the business, drawn from Ian Barton’s long association with the team since 2005, which enabled us to appreciate the potential of the business and also to raise debt funding for the MBO in short order from Santander. We really appreciated the consistent advice and support to get the deal to a close, and we look forward to working together again.”

Quantuma has strengthened its corporate finance practice during 2018, supporting mid-market clients and investors looking for lead and debt advisory services. Recent transactions, which together exceed £200m in value, include the disposal of TRS to an MBO backed by Rutland Partners, the disposal of ILG to Yusen Logistics, the disposal of BOFA International to Donaldson and two acquisitions by Whistl in the delivery and e-fulfilment sectors.

Tags: Miles 33 Group, Quantuma, South
 
 
← Aylesbury: DAF Trucks opens £20m headquarters and academy (previous entry)
(next entry) Surrey: Vail Williams continues growth with latest acquisition →
Related Posts
The-Technology-Strategy-Board,-Business-Magazine South: Record £440m budget to support innovative ...
Howse-Jackson,-Business-Magazine South: Inserts outperforming other marketing chann...
Powa-Technologies,-The-Business-Magazine South: Hike in store closures predicted, warns Pow...
FSP,-Business-Magazine South: FSP calls for action as demand for apprenti...

Post Sidebar Buttons Zone

Thames Valley Oxford Reading Solent Southampton Portsmouth Basingstoke hampshire Oxfordshire South East Bournemouth South Dorset Berkshire South Coast
Readingno1city

Most read this week

  • Reading: Gateley plc marks three-year anniversary with new appointments
  • Portsmouth: Verisona Law merges with Gosport legal practice
  • South: Housing costs are ‘putting economic growth at risk’
  • Reading: Virgin Media to move into Green Park as office development ramps up
  • Reading: Sharps signs up new tenant for Riverview warehouse
© Copyright — Elcot Media & Events Ltd trading as The Business Magazine , - All Rights Reserved   Contact the Webmaster
  • Send us Mail
  • Follow us on Twitter
  • Subscribe to our RSS Feed
This site uses cookies: Find out more.