A digital marketing company founded by a winner of The Apprentice has been acquired in a deal advised on by a Bolton-based business management consultant.
KBS Corporate Finance has recently overseen on the acquisition of London-based Climb Online, which was founded by Mark Wright, by xDNA Group.
After winning BBC show The Apprentice in 2014, Wright founded marketing agency Climb Online the year after. The company has focused on its niche and is a provider of digital marketing services to clients across several sectors.
The shareholding of the company is held 50:50 between Wrighton Investments Ltd and Amsvest Ltd. Wrighton Investments is the investment vehicle of Mark Wright and Amsvest is the investment vehicle of Lord Alan Sugar.
The company was formed as a collaboration following the airing of The Apprentice. During the years Climb Online has developed a blue-chip client base including TikTok, CV Library and Groupon.
The opportunity attracted high levels of interest predominately from UK trade buyers, with the successful offer coming from xDNA Group. The group is a digital agency with offices in Asia and the UK. xDNA Group is currently following an aggressive growth strategy having previously acquired Big Reach Marketing and Fluid Studios and opening an office in Dubai.
Having built the business across several years, Wright approached KBS Corporate Finance with the sale of their business.
Ian Barton, managing director, and Anne Pritchard, corporate finance executive, at KBS Corporate Finance advised Climb Online throughout the process.
Barton said: “We are delighted to have advised Mark and Lord Sugar on the sale of Climb Online, the first successful exit of a business founded by the winner of BBCTV’s The Apprentice.
“Having watched Mark start his journey so publicly on the show and to have been trusted to advise the shareholders on the…
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