Nigel Cooper is to acquire Zibrant through a management buy out (MBO).
The purchase follows the news that Zibrant’s parent company, Motivcom PLC, has received an offer by Sodexo to acquire its incentive and loyalty brands. Nigel’s 100% purchase of Zibrant’s share capital is expected to conclude in mid-November 2014.
Zibrant is one of the most respected companies in the global meetings and events sector and is recognised for its high profile client base as well as its enlightened approach to employee and workplace practices.
Zibrant has recently undergone a period of significant investment in its overall IT infrastructure and has streamlined its business to reflect clear product offerings, from procurement and compliance of policies to the creative live event sector.
The offices and personnel in Derby, Milton Keynes, Faversham and Godalming will all remain un-affected by the MBO.
Nigel Cooper, chairman of Zibrant, said “We have a great opportunity and I am thrilled at the prospect of what we can achieve. The recent investment and developments have already resulted in a leaner, fitter, more dynamic and more focussed business with strong levels of new business wins. We will continue to develop and invest in our products and service infrastructure and further develop our presence in the meetings and events sector”.