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

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