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Wed 13th Jul 2016 - Propel undergoes management buy-out
Propel undergoes management buy-out: Propel Info has undergone a management buy-out with co-founders Paul and Jo Charity taking 100% ownership of the business. Exiting shareholders earned circa 4x their original investment. Paul Charity said: “We’d like to thank our departing shareholders for their support for the business since it was founded four-and-a-half year ago. The acquisition of their shares by myself and Jo would not have been possible without the amazing dedication of our staff. Propel has a circulation of almost 13,000 readers – circulation has grown organically and on a self-subscribed basis which means readers have opted to receive our news feeds. This makes for industry leading opening rates. Our next target is 20,000 readers, which we will reach in a relatively short period given existing rates of growth. We now have a portfolio of 18 events – and have exciting plans for future development. The decision to increase our stake in the business is a sign of our confidence in the continued expansion of Propel, which has become the best-read free-to-air newsfeed in the sector at a senior level in a few short years.” Propel Info events include the Propel Multi Club Conference series, The Bar and Nightclub Conference, The People and Training Conference, the Operators and Investors Dinner, the Advanced Marketing Masterclass, the Advanced Social Media Masterclass, The Brands Masterclass, The Multi Site Management Masterclass, The National Innovation in Training Awards, The Las Vegas Study Tour and The Craft Beer Study Tour. Paul and Jo Charity were advised by haymcintyre and Payne Hicks Beach.


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