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Ambitious investors buy Ancient House Jo Francis Thursday, June 3, 2021
Ancient House Printing Group has been acquired by an investment group that has ambitions to become the largest private company in the UK.
Ancient House: print firm s history dates back to 1845
The purchaser, RDCP Group, was founded in 2015 by Sameer Rizvi and Iryna Dubylovska who were both previously investment bankers at RBS.
Since then, the group has made 15 acquisitions that have been consolidated into four businesses spanning care homes, construction engineering, the Chilango Mexican restaurant chain, and real estate.
The Ancient House buy, for an undisclosed sum, takes its number of operations up to five, and increases RDCP’s enterprise value up to £140m.
In the winter, when many publishers including Immediate Media and The Economist, were taking UK government furlough cash – Future gave all its staff £1,000 to help with the cost of home-working.
Chief executive Zillah Byng-Thorne spoke to Press Gazette as Future announced more than doubling of pre-tax profits for the Covid-hit six months to the end of March.
Future, whose top two brands are Tech Radar and Games Radar, revealed on Wednesday it had grown revenue by 89% to £272.6m in the six months to the end of March, with pre-tax profit up 110% to £56.9m.
Digital advertising was one of the major drivers of this growth, with on-platform display revenue up 30%.
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