Holding(s) in the Company
18th July 2019
CIP Merchant Capital is pleased to announce its investment in Brave Bison Group plc (AIM: BBSN) ("Brave Bison"), a social video company quoted on AIM market of the London Stock Exchange. The Company has acquired, in aggregate, 36,332,550 ordinary shares of 0.1p each in Brave Bison, representing approximately 5.97 per cent. of Brave Bison's issued share capital, for a total consideration of approximately £0.6 million.
In the year ended 31 December 2018, Brave Bison had revenues of £21.2 million, gross profit of £6.5 million, Adjusted EBITDA1 of £0.8 million, a net loss attributable to its shareholders of £71,000. As at 31 December 2018, Brave Bison had cash and cash equivalents of £5.4 million and net assets of £5.3 million. Currently, Brave Bison has a market capitalisation of approximately £11 million.
The investment constitutes the Company's sixth portfolio company.
For further information, contact:
Brave Bison Group
Kate Burns Chief Executive Officer
Tel: 020 7183 4545
Allenby Capital Limited
Virginia Bull / Jeremy Porter
Tel: 020 3328 5656
Elisabeth Cowell / Fiona Norman
Tel: 020 3757 6880
About Brave Bison
Brave Bison is a social video studio, proudly working with some of the biggest brands and most followed YouTube and Facebook talent in the world. Clients include P&G, Shell, PUMA and Hyundai.
Brave Bison makes it simple for content owners, creators, brands, publishers and platforms to unlock the value of online video, whether on a licensed, ad-funded, direct to consumer or paid placement basis.
The business is based in two regions - Europe, with headquarters in London; and APAC, with offices in Singapore.