Hut Group swoops for £11.9m turnover Hangar Seven
Cheshire-based The Hut Group has acquired £11.9m turnover marketing services agency Hangar Seven, which has offices in Macclesfield and Leeds.
The deal, the value of which has been undisclosed, has delivered an excellent return for the Catapult Growth Fund with a three-fold cash return.
Catapult invested in Hangar Seven, which has 140 full-time staff, in September, 2011 to supports its ambitious growth plans. Accounts to May 31, 2016 also show EBITDA of £1.2m and an operating profit of £0.9m.
It has hailed the agency as ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
