Zinc Media Group has entered the Welsh market by acquiring Raw Cut Ventures.
- The deal is valued at £1 million in shares, adding a significant asset to their portfolio.
- Raw Cut Ventures is known for producing popular factual crime series for major broadcasters.
- The acquisition aligns with Zinc’s strategy to enhance their production capabilities and regional storytelling.
- Financial projections for Raw Cut Ventures promise increased revenue and profits, with potential additional earnouts.
Zinc Media Group has strategically expanded its reach into the Welsh market with the acquisition of Raw Cut Ventures, marking a significant milestone. The acquisition, valued at £1 million in shares, brings Raw Cut, a producer of popular factual crime series, under Zinc’s umbrella.
Raw Cut Ventures, renowned for its factual crime content, has produced notable series such as “Police Interceptors” for Channel 5 and “The Detectives: Inside the Major Crimes Team” for ITV1. With a rich portfolio of over 800 hours of television content including true crime, history, and feature documentaries, Raw Cut adds substantial value to Zinc’s offerings.
The acquisition is poised to bolster Zinc’s production capabilities significantly. Mark Browning, CEO of Zinc Media, expressed enthusiasm about the merger, stating that Raw Cut’s expertise aligns perfectly with Zinc’s vision for world-class factual content. This strategic move is expected to expand their intellectual property catalogue and reinforce their commitment to regional storytelling.
Financially, Raw Cut Ventures has shown strong performance, recording £4.4 million in revenue and £400,000 in profit before tax for the year ending 31 December 2023. The forecast for the current year suggests a revenue increase to £4.6 million and profit before tax of £500,000. The deal includes an earnout provision, adding an extra £5.5 million if Raw Cut achieves an average profit before tax of £1.3 million over the next two years.
Steve Warr, CEO of Raw Cut, highlighted the opportunity for growth through collaboration with Zinc Media’s talented team. This acquisition comes at a time when Zinc is actively seeking growth through strategic acquisitions, having already established a robust presence in the North and Scotland.
Zinc Media’s acquisition of Raw Cut Ventures represents a strategic advancement in their regional and production capabilities.
