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Boomerang Plus

  • BY: Andrew Hore |
  • POSTED: 09/06/2011 |

TV programmes producer Boomerang Plus has bought a majority stake in factual programming producer Oxford Scientific Films.

The trade assets and liabilities have been acquired for 516,000. Boomerang Plus is taking a 70% stake and the management will own the other 30%. The business generated revenues of 2.2m in the year to June 2010.

The deal will help Boomerang Plus to expand in North America as well as bringing a strong back catalogue to the group.

The deal should be earnings enhancing in the year to May 2012. 

At 55.5p a share, Boomerang Plus is valued at 4.95m.

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