Prefequity backs MBO of KBH On-Train Media

Prefequity is delighted to announce it has completed an investment in KBH On-Train Media, a leading out-of-home advertising business specialising in the rail and cinema sectors.

KBH operates through two core divisions: Rail Media, where it is the exclusive provider of on-train advertising for the majority of UK train operating companies, delivering national campaigns across both analogue and digital formats; and Cinema Media, which manages a growing portfolio of digital screens in cinema foyers.

Johnny Carew Pole, Partner at Prefequity, commented: "KBH exemplifies the type of business we seek to support. It holds a dominant and defensible position in a niche market with attractive growth opportunities and is led by a highly committed and experienced management team."

Ian Reynolds, Managing Director of KBH, commented: “The investment from Prefequity marks an important milestone for KBH, providing the flexible funding required to drive the next phase of our growth strategy, as we explore new formats and bolster existing ones. Throughout the process we have developed a strong relationship with the Prefequity team, and we look forward to our continued partnership with them as we enter this next chapter.”