NEWS & VIEWS

Global private equity and venture capital news and research

Vitruvian’s Tinopolis buys Big Fat Gypsy Wedding producer Firecracker

6 Dec 2012

Tinopolis, a British television production company backed by European private equity firm Vitruvian Partners, has bought factual entertainment programme producer Firecracker Films.

Firecracker was founded in 2002 and focuses on documentary programming with international sales potential, and was responsible for Channel 4 hit Big Fat Gypsy Weddings.

Tinopolis, which was delisted from the AIM through a management buyout backed by Vitruvian in 2008, produces a range of programmes covering sport, comedy, current affairs and entertainment.

The company’s programmes include Question Time, Hell’s Kitchen and coverage of the London Paralympic Games.

Turnover at Tinopolis has grown from £50m in 2006 to more than £130m this year.

Tinopolis executive chairman Ron Jones said, “In Firecracker we have acquired a company that is operating at the cutting edge of television on both sides of the Atlantic.

“Tinopolis continues to build a group of companies that has the range and financial strength to provide the best creative ideas to our customers around the world.  Firecracker is an ideal partner for us.

“Its programmes are already sold in over 100 territories around the world and our distribution platform will help to support its continuing development.”

Earlier this year London-based online takeaway company Just-Eat raised $64m in financing led by Vitruvian, with Index Ventures, Greylock Partners and Redpoint Ventures also participating.

The investment marked the company’s third and largest funding round in less than two years.

Copyright © 2012 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014