Business Overview
Kelsey Media Limited has announced the acquisition of Evegate Publishing Ltd and Vineyard Magazine Ltd. The deal sees Kelsey Media take over ownership, with immediate effect, of South East Farmer, Farm Machinery, South East Business, Vineyard Magazine, and other associated magazines and activities. There will be no interruption to the publishing schedules of these titles.
Kelsey’s portfolio encompasses 65-plus brands, and the company has a major presence in the farm machinery sector with the English language edition of profi International, Tractor & Machinery and many other farm machinery enthusiast magazines, websites and events.
Perspectives
Steve Wright, Chief Executive of Kelsey Media added: “We are delighted to welcome these brands and their staff to our business. Acquiring these magazines and associated activities is an important part of our strategy to focus on our core strengths.”
Clive Rabson, retiring owner of Evegate and Vineyard said: “I know that Kelsey Media is passionate about publishing and is the perfect new home for these well-respected brands. I wish all the staff the very best for the future.” Jamie McGrorty, who takes over the role of commercial manger and publisher, says: “We look forward to driving growth for all our advertisers as we continue to develop our business alongside profi and Tractor & Machinery.”
David Ellis, Director at Azets Corporate Finance, commented: “We are delighted to have advised Clive and Jamie throughout this transaction and I wish Clive a long and happy retirement. I believe that Kelsey is the ideal partner to continue the success of Evegate and Vineyard and look forward to hearing about Jamie’s continued success as part of the larger group.”
From the very first meeting that we had with David to discuss putting our businesses on the market, he helped us at every step, from highlighting which companies to approach, explaining what to expect and then helping us through the negotiation process. For what can be a stressful period he really was there every step of the way. I can honestly say I don’t think this sale would of happened without using Azets Corporate Finance and I am so pleased that David helped us to find a buyer that enables the continued growth of all our magazines.
