Jump to content

Venture Photography


Recommended Posts

Cheshire-based Venture Photography has been bought out of administration by Indigo Venture Capital in a multi-million pound deal.

The parent company of Venture, VVG Holdings, was placed into administration last December.

Backed by a London-based entrepreneur, Indigo bought VVG's UK and Hong Kong operations, Venture Consolidated Holdings and Venture Studios (HK) respectively.

Based in Winsford, VVG operates 38 studios in the UK and a further eight across the globe, including operations in Hong Kong and franchise studios in Ireland and the US, under the Venture Photography brand.

It employs 135 staff across the group and turnover for 2010 was £40m.

Berg Legal in Manchester advised Indigo on the transaction.

Senior partner Reuben Berg said: “Venture Photography is a profitable business with extraordinary potential for further growth.

“With the right management team and suitable incentives now in place, the company presents an excellent investment opportunity for Indigo Venture Capital.

“With so many franchise businesses connected to the company as well as the cross-border issues, the deal was a real challenge, but satisfying to support and complete.

“By purchasing the entire issued share capital, rather than just the asset, Indigo will be bale to capitalise on Venture Photography's brand and position as a the UK's leading portrait photographer.”

Taken from -> http://menmedia.co.uk/manchestereveningnews/news/business/deals/s/1459880_venture-photography-bought-out-of-administration-by-indigo-venture-capital-?rss=yes&utm_source=twitterfeed&utm_medium=twitter

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...