Rockworth have advised the owners of Absolute Radio International on their successful capital raising to further develop their new digital media business.
Absolute Radio International is one of the leading players in the UK radio industry, founded by Donnach O’Driscoll and Clive Dickens, they not only manage the London radio station of the same name but also own two local radio stations in Oxfordshire – Jack FM and Glide FM is well as a digital marketing business.
Rockworth were retained on a consultative basis to explore the various options open to the owners that might assist in accelerating the growth of the combined businesses. Having considered a range of options it was decided to focus on an equity transaction that would hopefully bring both capital and relevant expertise to the business.
As a result Anthony Timson, an experienced technology entrepreneur, invested and joined the team bringing with him significant experience of digital media and radio communications that will help drive ARI forward at the forefront of the radio and digital media industry,