This week, the management team of the IDHL Group, announced that a management buyout has been completed. IDHL Group, the largest independent digital agency in the North, has been valued at £30 million.
IDHL Group has been growing on products and services in the past 12 months, adding new key management appointments, moving to new headquarters and exceeding revenues of £10.5 million in 2016.
The internal announcement was made by Dennis Engel, CEO of the IDHL Group, and the Group Management Team. A hearty breakfast made of bacon and sausage sandwiches, patisseries, orange juice and prosecco was offered to the Group staff.
CEO, Dennis Engel, said, “The management buyout (MBO) will help us keep up our growth and stability as a business into the future. We are very pleased with the increased control and shareholding within the business.”