Brief
Need to front the acquisition
of this troubled magazine publisher on behalf of
an investor from within the industry.
Solution
Aorta sourced funding
for the purchase, and took on the day to day management,
bringing in three main staff – managing director,
finance director, accountant - with an editorial
team provided by the investor.
Result
After renegotiating agreements
with its distributors and with Aorta responsible
for all facets of the business bar the editorial,
the company is now profitable for the first time
in its history.