Showtime for Shed Media with £25 million deal

Shed Media plc is set to increase its television production offering with the agreed acquisition of Wall to Wall for up to £25 million.


Shed Media plc is set to increase its television production offering with the agreed acquisition of Wall to Wall for up to £25 million.

Shed Media plc is set to increase its television production offering with the agreed acquisition of Wall to Wall for up to £25 million.

The initial consideration of £20 million comprises £10 million in cash, £8 million in shares and £2 million in redeemable loan notes. An additional £5 million, comprising £500,000 in cash and £4.5 million in shares, is available to Wall to Wall, dependant on financial performance. At completion Shed will have debt of £32 million and £4 million of redeemable loan notes.

Wall to Wall’s turnover was £19.5 million in the year ended this June, with EBITDA of £2 million. The transaction is expected to be earnings enhancing by the end of the year.

Ingenious Corporate Finance advised the shareholders of Wall to Wall.

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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