HMT advised Anita and Chris Lowe on the acquisition of the conference placement and event management business of Real Affinity Group, for an undisclosed sum. Following the acquisition the business will trade as Venues Event Management.
The business was previously sold by Anita and Chris Lowe to Real Affinity plc in 2006 and whilst it continued to trade well following its acquisition, severe trading difficulties at a group level resulted in administration.
Managing Director Anita Lowe commented:
“The opportunity to re-acquire the business, albeit in the circumstances, from administration, was essential for our loyal clients and staff.”
Chris Lowe added:
“Returning to being owners of the business will allow us, as a company, to become even more focussed. We still offer the same portfolio of solutions to our clients as well as our impeccable customer service.”
Andrew Thomson of HMT commented:
“We were delighted to help Chris and Anita re-acquire the business and look forward to them pursuing their long term growth strategy which was interrupted during its ownership by Real Affinity plc.”