Feb 14, 2023
The Mark Allen Group has exchanged on its acquisition of the UK and Asia assets of the wealth management publishing company, Bonhill plc, for a consideration of £6.5 million.
Founder and executive chairman of his eponymous company, Mark Allen
said: “This is a very significant acquisition for us. We are inheriting some
fantastic brands, which we aim to develop further with the help of an
excellent and professional team of around 50 people globally."
These assets include: Bonhill Create, Portfolio Advisor, Expert Investor,
International Advisor, Fund Selector Asia, ESG Clarity and Future Flows.
The offer now goes to Bonhill’s shareholders for approval over the next
two weeks. The American arm of the company, InvestmentNews, is being
Mark Allen added: “Wealth management and financial services is an area of considerable interest and will add to the array of sectors in which we operate. The
acquisition also gives us a foothold in Singapore and Hong Kong, an area
of the world where we have long wanted to have a presence.”
Bonhill's CEO Patrick Ponsford will be leading the new company, MA Financial Media.
Chief executive officer Ben Allen explained that the Bonhill assets would be placed in a new company, MA Financial Media, with Patrick Ponsford at the helm reporting to the group’s chief operating officer, Jon Benson. Patrick, along with Bonhill’s COO and MD Asia, Gareth Wilde, and Hannah Lishman, head of commercial finance, will be amongst those becoming directors of the new company. For the next year the Bonhill team will stay in their current Clerkenwell offices.
“This is a very exciting time for the Mark Allen Group”, said Ben Allen, “it presents a golden opportunity for us to enter an attractive area and further build the company. Jon and Patrick will make a formidable team and I am really looking forward to working alongside them.” Bonhill Group CEO Patrick Ponsford says: “It’s a pleasure to be taking our set of market leading brands to be part of a thoroughbred B2B media
company that truly understands what we do and how we do it. Being part of this bigger group with access to new technology and data platforms will help us accelerate our growth plans. It’s been a difficult few years with COVID impacting our considerable events portfolio and a new home will help us rebuild and grow the business.”