Lighthouse Independent Media (Lighthouse) has announced that Forum Media Group (Forum) has acquired 80% of the share capital of Lighthouse in Singapore and Hong Kong from owners Justin Randles and Tony Kelly, positioning the business for further growth and expansion in Asia.
As a result of the transaction Lighthouse Group managing director Randles and Hong Kong managing director Kelly will retain a combined 20% financial interest in Lighthouse and continue in their roles to help drive growth and expansion of the business with Forum.
Lighthouse was established 15 years ago by Randles and Kelly, and is now a successful B2B media and events business, servicing the marketing and human resources sectors. Lighthouse products and services include magazines, websites, newsletters, events and awards. Over the last three years Lighthouse has delivered outstanding growth and has become one of the leaders in its sectors in Singapore and Hong Kong.
Meanwhile, the international publishing company Forum is headquartered in Bavaria/Germany. Forum publishes print and digital offerings in the specialist B2B and consumer sectors and operates in 15 countries employing around 1000 people.
Randles, group managing director of Lighthouse, said, “Since the establishment of Lighthouse 15 years ago we have grown a business through creativity and innovation and now host some very special awards and events for the marketing and human resources communities. Tony and I are very proud of our team of people at Lighthouse, their dedication and passion for our business. We are all very excited about the partnership with Forum and the opportunities for the business and our staff. We will continue to further grow and expand, driven by a common vision and a strong belief in success.”
David Gardiner, Forum’s representative commented on the new strategic partnership, “Lighthouse is a terrific addition to the Forum group and we have plans to continue the growth and expansion of Forum in Asia, both within Lighthouse’s existing range of products and business fields, and into new sectors.”