Gresham House Ventures, a growth equity investor specialising in software and digitally-driven businesses in the consumer, healthcare and service sectors, has sold its majority stake in Media Business Insight (MBI).
The leading content, insight and events business for the creative media industry was purchased by GlobalData, an AIM-listed data and analytics company in an off-market transaction.
MBI comprises a range of digitally-led brands including Broadcast and Screen International, providing information and intelligence services informing professionals about the British television industry and international movie industry, respectively.
The exit was led by Bob Henry on behalf of the Mobeus VCTs, and the sale provides the VCTs with a cash-on-cash return of 2.3x.
