The Publishing Group (TPG) has announced the successful management buy-out of the TPG Print and Mail Group, a print and mail specialist, to the latter’s original founder, Lincoln Hillan.
Having bought the business out of liquidation three and a half years ago, the transaction is the third in a series of directed acquisitions the group has driven since its inception in 2008. Testament to a formula of on site management consultancy, resource consolidation and streamlined business development, the print and mail firm was firmly embedded into the group’s existing network of high-growth companies, an integral facet of the 360 degree transformation of the business.
Central to the company’s overhaul was a refocused sales strategy and subsequent installation of improved processes, technologies and human resource. With its business efforts successfully restored, the original management team, formed from the company’s founding family, has been able to complete a buy-out of its initial stake, laying a robust foundation for a motivated and prosperous future.
CEO Ramesh Sharma, said, ‘It is a good feeling to hand back a regenerated, smoothly functioning business to the family who originally set it up years ago. We hope that the management team continues to go from strength to strength and we wish them every success for the future.’
