Fay Sharpe to purchase 10% stake in Zibrant

Zibrant has revealed that Fay Sharpe is investing back into the agency by taking a 10% stake.

Zibrant's Fay Sharpe and Nigel Cooper
Zibrant's Fay Sharpe and Nigel Cooper

Zibrant will also offer other board directors the chance to buy shares, in line with its pledge to have a collaborative and people centric approach.

The agency, which recently launched a new office Excel London, will reward its other staff members by sharing a six figure bonus across all employees at the end of this year.

Commenting on the acquisition, Sharpe said: "Zibrant is in my DNA and I'm delighted to be able to invest back into something that I started over 25 years ago and that I have seen develop into a market leader. My passion for the company, as well as the meetings industry, is no secret so of course I jumped at the opportunity to buy back in. I have the utmost confidence in the team and what we offer, so to me it made perfect sense to become financially involved again."

Nigel Cooper added: "Fay and I have an incredible respect and understanding of how we both operate and it’s therefore fantastic to see her take a share-holding in the company. Fay is one of the most known and most respected figureheads in the meetings market and I'm delighted by what she has chosen to do. We have one of the strongest and most committed teams, and it’s gratifying for both Fay and I to reward them financially for their work and commitment to us over the last year."

Cooper agreed to acquire Zibrant from Motivcom for £2.9m last September as part of a deal which saw Motivcom purchased by Sodexo Motivation Solutions UK for £41m. Motivcom acquired Zibrant in a £15m deal in October 2007.

More:

Fresh Montgomery win contributes to Zibrant's accommodation services growth

60 seconds with... Zibrant's Nigel Cooper

Zibrant sees gross profit and turnover rise despite £300,000 net loss

• For more case studies, as well as breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
In pictures: The Mayfair Townhouse to open September 2020

In pictures: The Mayfair Townhouse to open September 2020

Iconic Luxury Hotels' new London property will have 172 rooms, a bar, a private gym and event spaces.

Incentive review: An action-packed countryside weekend at Gleneagles

Incentive review: An action-packed countryside weekend at Gleneagles

A luxury Scottish escape with whiskey tastings and outdoor activities including clay-pigeon shooting and archery.

DRPG acquires London agency Firehouse

DRPG acquires London agency Firehouse

Global agency’s acquisition of communications specialists Firehouse continues its recent growth.

C&IT redesigns magazine and website

C&IT redesigns magazine and website

Same great content but now with even more essential insight for event planners, says editor Calum Di Lieto.

‘At 11am we had nothing - by 7pm guests were walking into an awards ceremony’

‘At 11am we had nothing - by 7pm guests were walking into an awards ceremony’

Dan Broadberry discusses being on the 2019 A-List and how a ‘catastrophic’ storm may have helped him get there.

Exclusive: GPJ comments on Mobile World Congress coronavirus cancellation

Exclusive: GPJ comments on Mobile World Congress coronavirus cancellation

MWC in Barcelona will not go ahead, as one senior agency planner says brands took action after consulting chief medical officers.

Noisettes vocalist stars at Americana Music Association UK Awards

Noisettes vocalist stars at Americana Music Association UK Awards

London’s Troxy hosted the ceremony for 1,500 guests, featuring performances from special guests including Shingai Shoniwa.

Avantgarde London boosts senior leadership team

Avantgarde London boosts senior leadership team

Head of client services and operations director are promoted by the agency as it continues to grow.

What does the future of experiential events look like?

What does the future of experiential events look like?

Planning luxury experiential events needs to feel authentic, says Adam Blackwood of Private Drama Events.

How to treat your events like a start-up

How to treat your events like a start-up

Beta-test, prototype and iterate as you would for a tech product, says Set Creative’s Harry Osborne.

LATEST JOBS