The founders of Cactus TV have completed a management buyout, which sees the UK indie – best known for food shows such as Saturday Kitchen and Rachel Allen Bake – splitting from the All3Media group.
The MBO was completed for an undisclosed sum, and ends a nine year relationship with All3. Amanda and Simon Ross set up Cactus in 1994 and were bought by All3Media in August 2003.
In a statement, the duo said the company would be opening two new studio facilities and, drawing upon their expertise in the culinary TV genre, a new cookery school in Clapham in London.
Amanda Ross said the takeover was “perfect timing, as we have just bought an exciting new studio complex to house Cactus and our other ventures, so it made sense to buy it back,” while Simon added: “It’s really a lifestyle choice, we have recently adopted two small boys and we wanted to be in control of our working lives.”
The pair added that the company has also secured a branded entertainment deal with eye-wear company Specsavers to produce The Specsavers ITV3 Crime Thriller Awards and an accompanying six-part documentary for UK digital network ITV3, for the next three years.
A spokesman for All3 said he was unable to comment on the split.