International TV production and distribution group Tinopolis is buying back the shareholding of private equity investor Vitruvian to take full ownership of the company.
Vitruvian invested in Tinopolis in 2008 and under the partnership, Tinopolis has grown into one of the largest independent producers in the UK and the US with leading companies in both markets.
Arwel Rees, CEO of the Tinopolis Group, said: “Vitruvian has been a fantastic partner and together we have grown Tinopolis into a true TV production and distribution powerhouse. Now the time is right for Tinopolis to take back full control to steer the group into its next growth phase. We have a hugely successful business with a strong and diverse portfolio of production companies and programmes, and I am incredibly excited about what we can achieve over the coming years.”
Ron Jones, Executive Chairman at Tinopolis, added: “Our success has been founded on the talent of our people, their creativity and their leadership. With Vitruvian’s investment and support over the past 9 years, we have made Tinopolis a leading player in our industry. Sunset+Vine has achieved remarkable growth to become, in its own right, a global company. To our original UK base we added two of the finest production companies in the US and with them some of the most creative people in US television. Now, once again, we are a private company owned by its management in both countries, optimistic for the future and determined to provide our people with new challenges and opportunities.”
Ben Johnson, Partner at Vitruvian, said: “The team at Tinopolis has achieved remarkable success in growing the company during our time together. Turnover has increased over threefold since our investment and the US has become the company’s largest revenue market. The Vitruvian team would like to thank the Tinopolis management for the strong partnership and wish them every success for the next stage as a company entirely owned by the management and founders.”
The Tinopolis Group is one of the largest television content suppliers in the UK and a producer of programmes for many of the top networks in the US. The group’s portfolio of production companies includes global sports producer Sunset+Vine, Mentorn Media, Firecracker, Pioneer, Tinopolis Cymru, the recently launched Thunderclap Media, drama producers Daybreak Pictures and Fiction Factory, as well as A.Smith & Co and Magical Elves in the US. Tinopolis also has its own distribution arm, Passion.
For more information, please contact:
Saskia Wirth, Director of Communications, Tinopolis Group
The Magical Elves executive team has been set with company veterans Casey Kriley and Jo Sharon ascending to the C-Suite, Tinopolis U.S. Chairman and A. Smith & Co. Productions’ Founder & CEO Arthur Smith announced today.
Stephen Jardine will take the presenter’s chair on Debate Night - the flagship current affairs debate show produced by Mentorn Scotland for the new BBC Scotland channel which launches on 24 February.