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Talent agency James Grant could be put on the block: Sky News
Posted on Monday, 14 May 2018 14:35
James Grant, the UK-based talent agency which manages clients such as Ant and Dec, is in talks regarding a potential sale that could value it at around GBP 140.00 million, Sky News reported.
Sources close to the situation told the broadcaster that bids are expected to be tabled by the end of the month and the company, backed by Metric Capital Partners, is working with Lazard on the deal.
James Grant represents a range of athletes, musicians, writers and broadcasters, including Davina McCall and Tess Daly.
Among those said to be interested in the group are private equity firms Bowmark Capital, Inflexion and Trilantic Partners.
Sky News observed that the end of the month has been set as the deadline for formal offers due to ongoing talks with Exponent Private Equity, which owns whisky producer Loch Lomond.
The buyout firm engaged in talks with James Grant prior to TV presenter Ant McPartlin being charged with drink driving and handed a record fine in March, sources noted.
Exponent is now suggesting it will pay a lower price for the business, one insider said, adding the agency is only likely to sell if the price is right.
Ant and Dec are some of James Grant’s leading clients, having become household names presenting shows such as I'm A Celebrity, Get Me Out Of Here, Saturday Night Takeaway and Britain's Got Talent.
In addition to the presenters, the company gained chat-show host Graham Norton, This Morning broadcasters Philip Schofield and Holly Willoughby and Hollywood actor Michael Fassbender following a merger with rival agency Troika last year.
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