`Wife Swap' maker RDF Media plans pounds 40m flotation

RDF MEDIA, the television production company behind Channel 4's Wife Swap series, is planning to follow its rival Shed Productions to the stock market, with a valuation of at least pounds 40m.

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.

Start your day with The Independent, sign up for daily news emails
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

SThree: Talent Acquisition Consultant

£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...

Recruitment Genius: Experienced Financial Advisers and Paraplanners

Negotiable: Recruitment Genius: This extremely successful and well-established...

Guru Careers: FX Trader / Risk Manager

Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...

Day In a Page

Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

No grace of God for Katy Perry as sisters act to stop her buying convent

Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

Something wicked?

Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
10 best sun creams for body

10 best sun creams for body

Make sure you’re protected from head to toe in the heatwave
Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

Nick Bollettieri's Wimbledon files

Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

There is more than a shiny trophy to be won by England’s World Cup women

The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map