The world-leading publisher to the battery and energy storage industry has been sold in a management buy-out advised on by award-winning corporate finance firm EMC.
Energy Storage Publishing Ltd, based in Goring-by-Sea, Worthing, was launched in 2003 by Gerry Woolf who has now sold the business to his management team, David Beckett and Vic Giles. Gerry will stay on as a non-executive director.
The company launched its first title, Batteries and Energy Storage Technology (BEST) in 2003. The magazine is now established as a principal source for keeping up with major industry developments worldwide.
A sister publication, Chinese BEST, was added in 2010 to make the editorial excellence of the original magazine available in Mandarin to the burgeoning Chinese battery industry. A weekly news briefing is also published electronically in both English and Mandarin.
Michael Gibbs, who with Nik Askaroff led the EMC team advising the company, said: “It was a pleasure to work with the team to help facilitate the next stage in the Energy Storage Publishing story. The transaction will allow another world-leading Sussex based company to continue to prosper.”
Gerry Woolf added: “Michael and Nik were a great help with the transaction. Their experience of handling deals of this nature was invaluable. I look forward to helping David and Vic take the business forward.”
Legal advice was provided by James Chadburn of Dean Wilson and Wright Hassall. ThinCats provided the funding, led by Andrew Tapsell.Back to all news