`Wife Swap' maker RDF Media plans pounds 40m flotation
Friday 04 February 2005
Assuming the Shed flotation - scheduled for mid-March - goes well, RDF will go for a listing in April or May.
RDF, which also made the Faking It series, has hired Ingenious Capital, the same financial adviser as Shed, to advise on its options.
Sagitta Private Equity, which owns 20 per cent of RDF, is looking to sell out. David Frank, the chief executive of RDF, said a flotation would enable it to buy others in the sector. Mr Frank, a former BBC reporter who founded the company in 1993, and other managers own more than 60 per cent of RDF. The company, which also has an base in Los Angeles, is expected to have revenues of pounds 55m for the current financial year.
Sanjay Wadhwani, of Ingenious Capital, said a queue of independent production companies was waiting to list on the market. All eyes would be on the reception that investors give to the Shed float. Marketing of the Shed issue, which is likely to value the company at pounds 40m, will begin shortly. "By the end of this year, there could be a number of production companies listed and they would form a sector of their own," Mr Wadhwani.
Among the most likely to follow Shed and RDF are larger independent television producers that are part-owned by private equity groups. These include All3Media, the business formerly owned by Chrysalis and now run by Steve Morrison, the former chief executive of Granada. It is backed by Bridgepoint Capital.
Another candidate is Hat Trick Productions, the company behind The Kumars at No 42 and Have I Got News for You. It is part-owned by Kleinwort Capital. Also possible is a listing by Mersey Television, which is backed by Lloyds Development Capital. It makes Hollyoaks and made Brookside.
Business conditions for independents have dramatically improved over the past year, following changes in the law which give them ownership of the rights to the programmes they make for television channels. The BBC has just committed itself to using more externally produced shows.
Aside from intellectual property companies, the two players in the production sector already listed are The Television Corporation and Ten Alps, a documentary maker part-owned by Bob Geldof.
Swedish stars ask fans for £195 pledges on crowd-funding website
sportNapoli 2 Arsenal 0: Gunners must now face either Real Madrid, PSG, Bayern Munich, Atletico Madrid or Barcelona in knock-out stages
musicAs Mariah Carey and Noddy Holder rake in the royalties from their classics, why there hasn't been a decent festive hit for 20 years?
theatreAuthor Daniel Rosenthal recalls the mishaps that almost brought the curtain down on the likes of John Gielgud and Diana Rigg
lifeFull of the joys and want to help your fellow man? December isn't the time to do it
lifeAs the Royal Mail plans to phase out deliveries on two wheels, it's no wonder posties are in a spin
techLuke Blackall reports on precision engineered prams and babygros that monitor your child 24-7
The ten coldest places on Earth
Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute
David Cameron explains selfie with Obama and Helle Thorning-Schmidt at Mandela Memorial
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Australia incest case: Filthy and severely deformed children found in remote farming community after generations of inbreeding
- 1 Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 4 Exeter to Edinburgh and back in a day: How one fresher's lost bet left him facing a 900-mile round trip
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
- < Previous
- Next >
iJobs Money & Business
£50000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: A leading prov...
£70000 - £90000 per annum + BONUS + BENEFITS: Harrington Starr: A leading mark...
£60000 - £80000 per annum + benefits + bonus: Harrington Starr: Product Specia...
£50000 - £60000 per annum + benefits + bonus: Harrington Starr: Business Analy...