Plimsoll Productions (“Plimsoll”) has partnered with leading mid-market private equity firm LDC in a deal valuing the company around £80 million.
LDC has invested for a minority equity stake in Plimsoll which will continue to be led by CEO and Founder Grant Mansfield.
Headquartered in Bristol, the international centre of the natural history television industry, Plimsoll is one of the largest independent television production companies in the UK.
Its BAFTA, EMMY and Academy Award-winning team specialises in wildlife, documentary, live and factual entertainment shows and it is a global leader in natural history programmes.
Since the business was founded in 2013, Plimsoll has grown rapidly, with a total workforce of more than 400 across its offices in Bristol, Cardiff and Los Angeles.
The transaction was led by Andy Lyndon, Head of LDC in the South West and Wales, with support from Head of LDC in Cardiff Dewi Hughes, and Investment Executive James Garland.
Andy Lyndon and Dewi Hughes will join the board, along with LDC’s Head of New Business Andy Grove.
Grant Mansfield, founder of Plimsoll Productions, said: “In little more than five years we have built Plimsoll Productions into one of the leading international production companies. For us, this deal is about giving Plimsoll Productions extra support and expertise to build on our success. ”
Andy Lyndon, Head of LDC in the South West and Wales, comments: “We’re really looking forward to supporting the team on the next phase of their journey and helping the business to become the leading producer of premium non-scripted shows globally.”
KPMG’s Andrew Hodgson and John Levis provided lead M&A and Debt Advisory services to LDC.
John Levis comments: “Yet again, Bristol has shown that it can nurture great businesses and that the finance and professional advisors to support growth are available on the doorstep. We are delighted to have advised LDC and Newco.
“Bristol is the global epicenter of natural history programming and is quickly developing into one of the most exciting media and creative clusters in Europe. Plimsoll is one of the preeminent global players in this market and we fully expect the business to go from strength to strength under Grant’s continued leadership and with LDC’s support.”