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£15.5m deal for Headland Media

13th May 2013

Image: Karl Binder / FreeDigitalPhotos.net

HEADLAND Media, which supplies news and entertainment services, has been bought for £15.5m by US investor KVH Industries.

Headland, which sells content to the shipping, retail and hotel industries and has offices in Leeds and Liverpool, has been sold by Oakley Capital Investments.

It originally bought the business from BSkyB in 2008.

Oakley said the transaction provided a 2.7x gross return for the fund over the period of ownership, with an initial rate of return of 27%.

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