Was having a little bit of a reminisce yesterday evening with a certain Lauretta Roberts, late of this parish, and very pleasant it was too. As part of a discussion that ranged widely, encompassing The Very Hungry Caterpillar and our favourite Print Valentines, we also debated the chances of their being another "David Mitchell" type happening in print. To recap, Mitchell and his colleagues started off in 1996 with £5m of venture capital funding and used it to acquire three printing businesses that were the beginnings of Astron. They carried on acquiring and ten years later Astron was sold to RR Donnelley for a whopping £520m. The timing, in every respect, was pretty much perfect. Mitchell heads a list of notably successful entrepreneurs in our industry who have made millions from print. A more recent example is the sale of Moonpig to Photobox for £120m. Not quite on the Astron-omical scale, but a nice outcome nonetheless for Moonpig founder Nick Jenkins. I wonder if we'll ever see their like again? Perhaps the answer will be found among the current crop of high-tech print-related entrepreneurs, such as Richard Moross at Moo.
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"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
"Just wondering who Rapidity are buying the equipment from as there would not appear to be an administrator for the Reflection companies as yet?"
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