The MBO team has bought Evolutions from chief executive Mike Jessey and chief operating officer Dave Tidey, severing their links with the company 14 years after they set up the facility. Kanjee would not disclose the cost of the purchase.
The MBO team is made up of Kanjee, senior editor Nick King, senior editor/compositor Owen Tyler and financier Jeremy Keith. Close Venture Management, a subsidiary of Close Brothers plc, has backed the enterprise. The MBO team holds the majority share of Evolutions with Kanjee holding the largest share within the MBO.
The deal was signed on 16 December 2004 and includes the freehold of the 12,000sq ft Evolutions building in Noho's Berners Street, removing the threat of crippling rent increases that other large facilities have come to fear.
Kanjee confirmed that expansion plans would continue to focus on the broadcast market, which already accounts for 90% of its business.
He said: 'I can't say whether our route of expansion will include acquisitions, but we are all about growth, and we do have plans for a couple of things in the coming months.'
Evolutions employs 68 people, recorded a£3.5m turnover last year and has recently worked on Jump Britain(C4), The Apprentice(BBC2) and World Shut Your Mouth(BBC1).
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