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MAMA owner considering sale bids

By | Published on Monday 16 March 2015

MAMA & Company

MAMA & Company has appointed advisors to consider offers for the festival and venue business, following a flurry of rumours about the company being sold which have circulated for a couple of months now.

Since being bought out of the HMV Group by then CEO and co-founder Dean James in 2012, MAMA has been owned by Lloyds Development Capital, the private equity arm of Lloyds Bank, which also recently acquired the Birmingham-based arena business the NEC Group.

It’s thought that although LDC hasn’t been actively shopping MAMA, there are at least two bidders interested in the firm, most likely existing entertainment businesses. And, as a private equity set up, LDC will consider any serious offer.