BusinessCompany NewsPwC in frame for independent tv float

PwC in frame for independent tv float

All3Media, the maker of hit television shows Shameless and Hollyoaks, has lined up ricewaterhouseCoopers as the reporting accountants for what could be the biggest float of an independent TV production company in the UK

Last week All3Media, which also produces Richard and Judy, announced
it had appointed investment bank UBS to advise it on its ‘strategic options’,
which included the possibility of a float on the London Stock Exchange.

Sources close to the company said PwC would act as reporting accountants if
All3Media opted for a float.

All3media was bought from Chrysalis for £45m. The business generates revenues
of £157m and a float would see it net approximately £300m. This would make it
larger than rival production companies RDF and Shed Productions, maker of
Footballers’ Wives.

Read the views of Shed FD Jonathon Kemp on listing a media company at
accountancyage.com/2040609

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