You are here: Home - News -

Management buyout of Incisive Media’s mortgage division completes

  • 09/06/2014
  • 0
Management buyout of Incisive Media’s mortgage division completes
The management team behind Incisive Media's mortgage division, which provides a knowledge hub for the mortgage industry and consumer personal finance market, has agreed a deal to take control of the division's assets.

The buyout of the mortgage titles, portfolio of events, and personal finance brand Your Money, created a privately-owned company, AE3 Media, on 1 June 2014.

AE3 Media’s assets include Mortgage Solutions, Your Mortgage and Your Money and events such as the British Mortgage Awards, the British Mortgage and Protection Senate and The Mortgage and Protection Event plus a number of other leading industry awards and conferences.

The management team consists of managing director Iain Cartlidge (pictured), chairman Bharat Sagar, editor-in-chief Paula John, group editor Vicky Hartley, commercial director Jamie Hurst and events director Danielle Ovenden.

MD Iain Cartlidge said: “This marks a new chapter in our story. Incisive Media is taking a minority stake in AE3 Media, which is also being backed by a number of private investors. Perhaps most importantly, the management team now has a personal stake in the business and we are looking forward to throwing all our energies into generating new focus, ideas and growth in the value of our long-standing, trusted mortgage and personal finance media assets.”

Chairman, Bharat Sagar, added: “Consumers, intermediaries, distributors and lenders, all of whom are key stakeholders in our business, can rest assured that for now it is ‘business as usual’ for our titles and events, just with a different ownership structure, although there will be some substantial evolution in our proposition later this year and throughout 2015.”

Tim Weller, CEO of Incisive Media, said: “This is a great opportunity for the mortgage and money team to carve out a successful independent future and make the necessary investment. I wish Iain and the team all the very best.”

For further information, please contact:

Iain Cartlidge, managing director, AE3 Media

Bharat Sagar, chairman, AE3 Media

All contact details for editorial will remain the same until further notice.

There are 0 Comment(s)

You may also be interested in

Read previous post:
IMF issues warning over rising UK house prices

The International Monetary Fund (IMF) has warned the UK government of the threat of rising house prices pose the economy.