A Bristol television production company that’s made shows including the Emmy-nominated Hostile Planet with Bear Grylls has landed a multi-million dollar investment deal.
Plimsoll Productions, which is headquartered in the city and makes wildlife programmes, documentaries and entertainment shows, has signed an agreement with private equity firm LDC that values the company at around £80million.
LDC has invested for a minority equity stake in Plimsoll which will continue to be led by chief executive and founder Grant Mansfield.
He said: “In little more than five years we have built Plimsoll Productions into one of the leading international production companies.
“Our focus on premium, multi-platform, multi-genre productions has enabled us to produce award-winning shows for the biggest names in the business, and it’s our passion for delivering this type of content that drives us forward.”
(Image: National Geographic/Oliver Clagu)
Mr Mansfield says the deal will give the company “extra support” to build on its success.
He added: “We will be adding to our creative firepower and aiming to create ever more entertaining and ambitious shows for our clients, and their audiences. LDC is the perfect partner to support our growth plan.”
Founded in 2013, Plimsoll has since grown to a workforce of more than 400 across its offices in Bristol, Cardiff and Los Angeles.
It is behind more than 50 series, 14 live shows and seven films including Yellowstone Live (National Geographic), Rescue Dog to Super Dog (Channel 4), Britain’s Parking Hell (Channel 5), Life at the Extreme (ITV), and Sit Baby Sit (Channel 4).
Plimsoll distributes to more than 50 countries worldwide through Magnify Media – a company it took a significant stake in three years ago – and broadcasts content across more than 70 international territories.
In the financial year ending August 2019, the business was on track to generate sales in excess of £35million.
Andy Lyndon, head of LDC in the South West and Wales, added: “It’s widely acknowledged that demand for wildlife and natural history documentaries is higher than ever before.
“Plimsoll is the business meeting this demand and under Grant’s leadership, it has firmly established its international reputation as a leading producer of high quality, beautifully shot documentaries.
“We’re really looking forward to supporting the team on the next phase of their journey and helping the business to become the leading producer of premium non-scripted shows globally.”
LDC was advised by KPMG Corporate Finance, Osborne Clarke, Oliver & Ohlbaum and Deloitte.
Plimsoll Productions was advised by ACF Investment Bank, Westbrook Advisers and PwC. Tosca Debt Capital provided the banking package and was advised by DLA Piper.
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