– UK, London – Marwyn Acquisition Company plc (LON: MACP) today announced the appointment of Waheed Alli as Chair of the Board of Directors effective from 6 November 2022.
The Company has also announced the appointment of Tom Basset to its Board as a non-executive Director while Mark Brangstrup Watts has resigned from the board, with effect from 6 November 2022.
The Company has also announced that it is proposing changing its name to 450 plc.
About Waheed Alli
Waheed Alli has over 30 years of experience across the media, retail, entertainment and technology sectors, having launched and grown a number of highly successful private and public businesses in his career. He co-founded Planet 24, a TV production company which produced shows such as The Big Breakfast, The Word and Survivor. Planet 24 was sold to Carlton Productions, now known as ITV Studios, in 1999.
Waheed Alli co-founded TV production company, Shine, and was Chair of the production company Chorion plc, including during its time as a listed business between 2003 and 2006 delivering share price growth of over 275%.
As Founder and CEO of Silvergate Media, Waheed Alli acquired the IP and distribution rights to The Octonauts in 2011, establishing international partnerships with Netflix, Disney and Nickelodeon before selling Silvergate Media to Sony in 2019.
Waheed Alli was also Chair of ASOS plc between 2001 and 2012 where he oversaw market capitalization growth from £12.3 million at IPO to £1.9 billion.
“I am thrilled to be joining MAC plc as Chair and look forward to working with Marwyn to execute our proposed investment strategy. With Marwyn, who has invested in several highly successful content, media and technology businesses, we have a great opportunity to take advantage of the positive and growing structural trends in the space,” said Waheed Alli.
Waheed Alli has been a member of the House of Lords since 1998.
AboutTom Basset Tom Basset
Tom has extensive experience working across a range of sectors in the origination and assessment of new investment opportunities, transaction execution, coordinating capital market and M&A processes and providing strategic corporate advice to management teams. He joined Marwyn in 2010, where he now leads the Investment Team and is also a member of the Investment Committee.
Prior to Marwyn, Tom spent six years at Deloitte across the Assurance & Advisory and Private Equity Transaction Services groups.
About Marwyn Acquisition Company PLC
MAC plc is an acquisition vehicle listed on the AIM market of the London Stock Exchange and was established to provide shareholders with attractive total returns achieved through capital appreciation. The Company is incorporated in Jersey and domiciled in the United Kingdom where it is and currently intends to remain tax resident (to be reviewed at the time of a Business Acquisition).
MAC plc was launched in partnership with Marwyn whose managed funds beneficially hold 95.36% of the Company’s issued ordinary shares. Marwyn’s investment experience in the content, technology and media sectors is noted through its previous investments, including:
- Entertainment One Limited: An acquisition vehicle led by Darren Throop which became a leading global owner, producer and distributor of film and TV content through 19 acquisitions (including the acquisition and development of the Peppa Pig franchise). eOne was acquired in 2019 by Hasbro Inc, for £3.3 billion, resulting in aggregate equity profits to shareholders over the life of the investment of over £2.0 billion.
- Advanced Computer Software Group: An acquisition vehicle led by Vin Murria OBE with a stated investment strategy of acquiring managed software businesses in sectors undergoing structural and technological change. ACS subsequently acquired 15 businesses and was acquired by Vista Equity Partners in 2015 for an enterprise value of £750 million, resulting in aggregate equity profits to shareholders over the life of the investment of almost £600 million.
- AdvancedAdvT Limited: AdvT is Marwyn’s second acquisition vehicle launched in partnership with Vin Murria OBE which raised £130 million in March 2021 and is focussed on mid-cap acquisition opportunities in the digital, software and services sectors.
For more information: https://www.marwynacplc.com/
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