Media firm boosts acquisition strategy with £18m HSBC funding package

A London-based media company specialising in print content and events has secured an £18m funding package from HSBC UK to fund its acquisition strategy.

The Mark Allen Group has used the package to acquire 12 publishing brands from UKi Media & Events Limited and the engineering portfolio of Centaur Media.

It is anticipated that the newly acquired assets, covering the aviation, automotive, arena and engineering sectors, will increase the firm’s annual turnover by around 15 per cent.

Mark Allen, founder of the Mark Allen Group, commented: “Our acquisition strategy has seen us add multiple high-value brands to our repertoire and we are delighted to now include 12 titles from UKi within this, as well as Centaur’s engineering portfolio.

“We already have a strong presence within the aviation and engineering sectors and these brands are great additions, which will open up new avenues for us.”

Victoria Ritchie, HSBC UK’s head of corporate banking for the City of London, added: “We are delighted to have been able to support the Mark Allen Group with its most recent acquisitions, which sees the number of brands it owns at nearly 100.

“Mark Allen is growing its portfolio of brands at an exciting rate and the additional funding provided will facilitate further purchases.”

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