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Coolabi to be acquired by North Promotions

Following last month's speculation around a potential sale, it looks like UK-based Coolabi, which holds the media rights to such properties as Bagpuss and produces the Poppy Cat children's series, will be acquired by private equity group North Promotions.
September 21, 2011

Following last month’s speculation around a potential sale, it looks like UK-based Coolabi, which holds the media rights to such properties as Bagpuss and produces the Poppy Cat children’s series, will be acquired by private equity group North Promotions.

The independent directors of Coolabi have reportedly reached an understanding with North, which is the primary shareholder for the company, for an estimated sale of US$6.6 million.

Of course, any offer remains subject to a number of pre-conditions and due diligence.

About The Author
Wendy is Kidscreen’s Associate Editor. When she’s not sourcing material for the brand's daily email newsletter, she’s researching, writing and connecting with others about the newest trends in digital media. Contact Wendy at wgoldman@brunico.com.

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