RDF MBO closes - Licensing.biz

RDF MBO closes

Shares in media group are delisted from London Stock Exchange.
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Following its acquisition by Dutch investment management firm Cyrte, shares in RDF Media Group have been delisted from the London Stock Exchange.

RDF's management and staff and Cyrte Investments now each indirectly own 50 per cent of RDF.

"I am delighted that we have been able to bring this transaction to a close despite the most difficult of credit markets," said RDF's chief executive David Frank. "It is testament to the strength of the company that we've achieved this.

"I believe coming off the public market at this time provides us with a far more effective platform on which to continue our record of 15 years unbroken growth, as it affords us greater flexibility in meeting the challenges and exploiting the opportunities that we face."

Frank Botman, chief executive of Cyrte, added: "Cyrte us enthusiastic about contributing to the growth of RDF by leveraging its experience in the media and contect sectors and by providing financial support."

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RDF Rights

In 1995, just two years after the RDF Media Group was founded, RDF Rights was formed in order to look after the licensing for the company?s television content.

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