Feb 14, 2023
The UU裸聊直播 has exchanged on its acquisition of the UK and Asia assets of the wealth management publishing company, Bonhill plc, for a consideration of £6.5 million.
Founder and executive chairman of his eponymous company, Mark Allen
said: 鈥淭his is a very significant acquisition for us. We are inheriting some
fantastic brands, which we aim to develop further with the help of an
excellent and professional team of around 50 people globally."
These assets include: Bonhill Create, Portfolio Advisor, Expert Investor,
International Advisor, Fund Selector Asia, ESG Clarity and Future Flows.
The offer now goes to Bonhill鈥檚 shareholders for approval over the next
two weeks. The American arm of the company, InvestmentNews, is being
sold separately.
Mark Allen added: 鈥淲ealth management and financial services is an area of considerable interest and will add to the array of sectors in which we operate. The
acquisition also gives us a foothold in Singapore and Hong Kong, an area
of the world where we have long wanted to have a presence.鈥
Bonhill's CEO Patrick Ponsford will be leading the new company, MA Financial Media.
Chief executive officer Ben Allen explained that the Bonhill assets would be placed in a new company, MA Financial Media, with Patrick Ponsford at the helm reporting to the group鈥檚 chief operating officer, Jon Benson. Patrick, along with Bonhill鈥檚 COO and MD Asia, Gareth Wilde, and Hannah Lishman, head of commercial finance, will be amongst those becoming directors of the new company. For the next year the Bonhill team will stay in their current Clerkenwell offices.
鈥淭his is a very exciting time for the UU裸聊直播鈥, said Ben Allen, 鈥渋t presents a golden opportunity for us to enter an attractive area and further build the company. Jon and Patrick will make a formidable team and I am really looking forward to working alongside them.鈥 Bonhill Group CEO Patrick Ponsford says: 鈥淚t鈥檚 a pleasure to be taking our set of market leading brands to be part of a thoroughbred B2B media
company that truly understands what we do and how we do it. Being part of this bigger group with access to new technology and data platforms will help us accelerate our growth plans. It鈥檚 been a difficult few years with COVID impacting our considerable events portfolio and a new home will help us rebuild and grow the business.鈥