Aspen Group, owner of Dean Street facility London Post, has been sold to buyout vehicle Pensa Limited in a deal valuing the group at just over£8 million. Pensa was formed
Aspen Group, owner of Dean Street facility London Post, has been sold to buyout vehicle Pensa Limited in a deal valuing the group at just over£8 million. Pensa was formed by a group of former Aspen management executives including ex-executive chairman Henry Meakin, non-executive director Peter Threlfall and joint managing directors of Aspen Field marketing Gary McManus and Katie Lowe. It is being backed by venture capital group 3i. However, no-one at Pensa was available to comment on its plans for London Post, which has been the subject of sale speculation since the departure of joint managing directors Elaine Dempster and Mike Curd last year. Aspen reported a pre-tax loss for the year ending 31 December of£17 million compared with a loss of£1.7 million the year before.