Lancashire photography business snaps up agency in seven-figure deal
A Chorley-based business that provides commercial photography for the homeware, food and fashion industries has bought a Stoke-on-Trent agency for a seven-figure sum.
Blink-Photo Limited, which operates under parent company Blink Group Limited, has acquired CIC Creative (CIC) for a seven-figure sum.
Prior to the acquisition Blink Group Limited employed 50 staff members across Blink-Photo Limited and sister company Blink MCR Limited with a combined turnover of over £4 million.
The corporate finance team at MHA Moore and Smalley advised Blink-Photo Limited on the deal with funding provided by Allied Irish Bank (GB).
The purchase of CIC Creative will see 36 employees and a turnover of £2.2m join the Blink Group. The team at CIC, led by managing director, Nicola Tayler, will stay in their current roles and will continue to operate as normal across its offices in Stoke and China.
CIC operates as a full service creative agency, providing CGI, branding, video production, product design and digital services to clients including Victoria Plum, RKW, Morphy Richards, Port Vale Football Club and MoBike.
Blink-Photo Limited was formed in 2006 and as one of the country’s largest commercial photography studios it specialises in room set, location, food and model photography. Clients include N Brown Group, Sainsburys, House of Fraser and Booths.
Steven Livesey, director at Blink Group Limited, said: “We’ve been looking to diversify our services for a couple of years now so when CIC became available we jumped at the chance. It’s a company that we have been aware of for a while and it’s always produced incredible work.
“We’re getting an exceptional ready-made team with a ready-made customer base from CIC. The specialisms of the two-companies complement each other well. This is an opportunity for us to grow our team of experts and establish ourselves in the market as a full-service offering.”
Jon Hills, commercial director at CIC, added: “Becoming part of Blink Group strengthens CIC in terms of our skills and facilities, it also offers a huge boost to our clients and what we can offer them. It’s a pleasure to be working alongside Steven and Emma and we are looking forward to the future.”