Investec Growth & Acquisition Finance has provided USD12.1 million to support the US expansion of existing client James Grant Group, a management and professional services provider to clients including Ant & Dec, The Script and Davina McCall.
The funding package consists of term loans and acquisition facilities to support James Grant Group’s purchase of US talent management business Deckstar Artist Management.
Investec has been working with James Grant Group since 2014, when it backed the buyout of the business by European private equity firm Metric Capital. This latest transaction includes funding to support further acquisitions.
James Grant Group acts as a one-stop-shop for its clients in the sports, music, literary, social talent, and entertainment sectors, providing accountancy, legal, social media, contract negotiation and strategic career planning services.
Deckstar Artist Management is a US-based artist management company with a focus on electronic dance music with clients including Steve Aoki and Blink 182.
Shaun Mullin, Investec Growth & Acquisition Finance, says: “We are very happy to support James Grant Group’s acquisition of Deckstar. This deal is a great example of how UK businesses can become truly global. Having worked with Metric and James Grant management for three years, we are very excited by the growth prospects of the business, and look forward to working with the team as they continue to grow.”
Neil Rodford, chief executive, James Grant Group, says: “Following the management buyout three years ago, we had the ambition to continue to grow both organically and through acquisitions with a real focus on expanding our presence and footprint in the US market. Investec has played an important role in helping that become a reality. These facilities will not only support this acquisition and further enhance our US offering, but it will help consolidate our position as a market leading transatlantic talent business across a range of sectors.”
