Print Published 27th Jan 2019, 19:12

Inside Ideas Group received £11.3m capital injection on sale

As part of the deal to acquire the digital marketing business Inside Ideas Group, the acquisitive US-based marketing group You & Mr Jones injected £11.3 million to replenish the company’s weak working capital position.

However, it is not known what, if any, further consideration was paid to acquire a controlling interest in the company’s shares as the detailed financial terms of the acquisition remain under wraps and only small morsels have seeped out.

Nor is it known whether any of the £11.3 million cash injection was used to buy back existing shares, but there is no evidence so far to suggest this was the case.