Global meetings and events company Zibrant is to be acquired by chairman Nigel Cooper in a management buy-out.
The planned purchase follows the news that Zibrant’s parent company, Motivcom, has received an offer by Sodexo to acquire its incentive and loyalty brands.
Cooper’s 100% purchase of Zibrant’s share capital is expected to conclude in mid-November.
Offices and personnel in Derby, Milton Keynes, Faversham and Godalming will remain unaffected by the MBO, according to the company.
Zibrant has recently undergone a period of 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.
Cooper 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 focused 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.”