Shed Media has confirmed that its executive directors have had preliminary talks with private equity firms concerning a possible buyout.
‘The company notes the press speculation that it is holding talks with private equity houses with a view to a potential ‘de-listing’ of the company,’ said Shed Media via a press statement. ‘The company confirms that it has not received any further approaches from executive directors. However, executive directors have confirmed that they have held preliminary talks with a number of private equity houses, and continue to explore the possibility of making an offer for the company.’
Last year, a consortium that included Shed exec directors put forward a buyout approach, but it was struck down in February. One of the primary opponents to the sale was non-executive chair Katherine Innes Kerr, who left the post in March.
The content production group, which expanded into the US and most recently, Scotland, is home to four media companies: Ricochet, Twenty Twenty, Wall to Wall and Outright Distribution.