Ion Equity

Ocean Media Group

Ocean Media is a UK specialist magazines publisher and exhibitions organizer for trade and consumer markets.  It is the clear UK leader in each of its key markets: social housing, weddings and leisure.

Ocean Media was established by Ion Equity in July 2006 to acquire the magazines and exhibitions businesses of Trinity Mirror plc for £41m.  The acquisition was in an exclusive, off-market process which facilitated a quick sale for Trinity Mirror and a fair price for Ion Equity.

Under Ion Equity’s ownership, the business grew earnings substantially from 2006 to 2007 and executed a number of strategic bolt-on acquisitions which established a European platform for the company’s future growth.

The company was sold in November 2007 to AAC Capital Partners, a UK private equity firm, for £104m. The sale generated a substantial return to investors, far in excess of base case expectations, within only 16 months.