Following the administration of private investment and business management group, Arkaga Healthcare and Technology Holdings, Parthenon Media Group Ltd., owned by CEO Carl Hall, has acquired the assets and trading entities of Parthenon Entertainment Group Ltd. (PEG).
Arkaga had bought a majority stake in PEG in late 2007. A Parthenon spokesman would not give a dollar figure for the buying back of the company. ‘At the moment it’s as fresh as fresh can be,’ said the spokesman of the deal. Arkaga, established by Irish businessman Gerald Walsh, went into administration in 2008.
The consolidation of operations under the new Parthenon Media Group banner will be based primarily in the company’s Chorleywood headquarters. As the company’s London office is at a break in its lease, it will close and there will be an expansion of the Chorleywood facilities. The production office in Bristol will remain open, and the company’s minority stake in Canadian prodco Arcadia Entertainment remains intact. No redundancies will occur as a result of the consolidation, and the move of the London office to Chorleywood is presently underway, said the Parthenon spokesman.