Founded in 1989, Twofour is a fast growing group of production companies based in the UK and the US, working with broadcasters around the world to provide award-winning drama, comedy, factual, children’s and entertainment programmes. Its labels include Twofour, Twofour America, Boomerang, Oxford Scientific Films, Indus, Boom Cymru and Delightful Industries.
In 2013, LDC has backed with follow-on capital the merger of portfolio company Boom Pictures, a thriving TV production business, with Twofour Group, one of the UK’s leading independent media groups, in a transformative deal that has created a major new nations and regions powerhouse in independent media production.
LDC supported the creation of Boom Pictures in 2012 and was committed to backing its continued growth, whether organically or through acquisition.
This merger was followed up in July 2014 with an announcement that created two separate businesses, Twofour Group and ONE TWO FOUR, a leading content company.
In June 2015, LDC exited its investment in Boom Supervisory Limited, the holding company of Twofour Group, in a sale to ITV plc.
ITV plc will pay an initial cash consideration of £55million for Twofour Group. The transaction also includes an additional performance based bonus of up to £10million.
Twofour will continue to operate as a standalone brand and its management team will remain with the business. The acquisition does not include the content company The Moment, which was spun out of Twofour Group in 2014 and remains an entirely standalone business backed by LDC.
Joining forces with LDC and Boom Pictures in 2013 helped us achieve that success. Now, as part of ITV, we have the opportunity to take our content to an even greater audience across the world, while developing exciting new programmes with the backing of the UK’s largest production group. This is a fabulous platform to continue building Twofour’s reputation as the home for imaginative and original programmes.Melanie Leach, Chief Executive Officer, Twofour Group