Briefing Media undergoes MBO

Kester Capital has sold Briefing Media, the publisher of Preston-based Farmers Guardian, to the company’s management. No financial terms were disclosed.

Briefing Media has 80 staff across offices in Preston and London and reported revenues of £13m in the year to December 2014, up from £11m a year earlier.

Lyceum, which has invested alongside the management team, will support Briefing Media in its strategy of organic and acquisitive growth through providing premium paid-for content, including online portals Agrimoney and FG Insight, marketing services and advertising, and industry events and exhibitions.