Berg has advised newly formed company, Indigo Venture Capital, on its acquisition of the UK’s leading portrait photographer, Venture Photography, in a multi-million pound transaction.
The holding company of Venture Photography, VVG Holdings Limited (VVG), was placed into administration in December 2010. Backed by a London-based retail entrepreneur, Indigo Venture Capital has acquired the entire share capital of VVG’s UK and Hong Kong
operations; Venture Consolidated Holdings Limited and Venture Studios (HK) Limited respectively.
With headquarters in Winsford, Cheshire, VVG operates 38 studios in the UK and a further eight across the globe, including operations in Hong Kong and franchise studios in Ireland and the USA, all under the Venture Photography brand. VVG recorded a turnover
of £40m in 2010 and employs 135 staff across the group, including 100 in the UK.
Reuben Berg, Senior Partner at Berg, said: "Venture Photography is a profitable business with extraordinary potential for further growth. With the right management team and suitable incentives now in place, the company presents an excellent investment opportunity
for Indigo Venture Capital. "With so many franchise businesses connected to the company, as well as the cross-border issues, the deal was a real challenge, but satisfying to support and complete. By purchasing the entire issued share capital, rather than just
the assets, Indigo will be able to capitalise on Venture Photography’s brand and position as the UK’s leading portrait photographer."
To discuss how we can provide further advice in connection with these issues, please contact Reuben Berg, Senior Partner, by email to firstname.lastname@example.org or alternatively you can call Reuben on 0161 833 9211.
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