MBO sees Financial Newswire change hands
Financial Newswire has changed hands after being the subject of a management buy-out led by its founder and managing editor, Mike Taylor.
The transaction sees Financial Newswire, established in 2021, part company with its incubator, FST Media, owned by private equity player, Redwood North.
Taylor said Financial Newswire is now standing on its own feet as an ambitious, independent media organisation with a solid growth strategy.
He said he was grateful for the backing of FST Media and Redwood North which had provided the capital backing which had allowed the Financial Newswire team to quickly grow the business into a genuine competitor in the financial services trade media space.
He said he was particularly proud of the manner in which the team, made up of Sales Director, Amy Barratt, Digital Operations Director, Amelia King and Senior Journalist, Yasmine Raso, had established and grown the highly successful Women in Wealth event, alongside the Fund Manager of the Year Awards and the Advice, Wealth and Super Rewired series of conferences in the Hunter Valley.
“There is more to do and much more we’ll be delivering,” he said. “I am committed to seeing our strategy fully delivered.”
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