The media services provider Procam Television Limited (Procam) has completed its management buyout, which was backed by private equity investor Foresight Group. Financial terms of this transaction have not been disclosed.
Procam is a leading UK provider of camera equipment and production crews to broadcasters and blue-chip organizations throughout the UK and abroad. It is a preferred supplier to BSkyB and an approved supplier for the BBC and ITV.
Foresight Group is an independent specialist private equity, environmental and infrastructure investor, which focuses primarily on investments in unquoted UK and European companies.
Oaklins Smith & Williamson, based in the UK, acted as lead corporate finance advisor to the seller in this transaction.
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