YMU Sells Accountancy Biz Via Management Buyout
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deadline.comEXCLUSIVE: Simon Cowell’s agency YMU is shedding some weight by selling its accountancy firm via an management buyout (MBO).
The deal, for which financial terms were undisclosed, comes a year after YMU was sold to private lending firm Permira Credit under a £60M ($73M) deal.
YMU Business Management, which launched in 1986 and was incorporated into YMU in 1995, will become known as OJK Business Management from next month following the MBO led by Joint MDs Julie Symes and Simon Petrie.
YMU, which reps the likes of Cowell, Graham Norton and Ant and Dec, will continue to partner with the circa-85-strong staff accountancy firm for existing and future clients, it said.
Read more on deadline.com
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