21 April 2009
Financial media business created by a management buyout in 2001 is awarded The Queen's Award for Enterprise 2009.
PEI Media Group, the London-based, publishing company that focuses on the alternative assets of private equity, real estate and infrastructure, has today been awarded a Queens Award for Enterprise in the international trade category.
Created by a management buyout [MBO] in 2001 when the current managers purchased a group of assets from Euromoney Instititutional Investor PLC, the company publishes magazines, websites and databases as well as hosting a series of annual conferences around the world. It now has customers in over 80 countries and has more than doubled its overseas revenues in the past three years.
"When we did the MBO there were five of us in a small room near St. Paul's Cathedral - and we hadn't published a magazine yet," said co-founder David Hawkins. "Now there's 75 of us in offices in New York, Singapore and London. This award is a huge honour for all of the team and a great testimony to the progress we have made."
The company specialises in providing information to a professional audience of institutional investors, fund managers, advisers and senior corporate executives. Its award-winning team of journalists cover the private equity, real estate and infrastructure industries across all time zones via its print and digital publications whilst its databases are built by researchers sat in London, New York and Singapore. Likewise there are conference teams running events for the Americas, Europe and Asia/RoW from each office.
"Euromoney taught us the value of developing a business that was as cross-border as the industries we cover - so from the outset we were looking for, and winning, customers from the UK and beyond," said co-founder Richard O'Donohoe. "Winning The Queen's Award in the international trade category speaks to that ambition. And we are still growing a network of long term customers in every market where our information is relevant. That first client in Vietnam pleased us but the fact we now have several based there now is even better."
The company's revenues and profits have grown consistently since the MBO and key contributors include subscription, advertising and delegate income. Over 3000 people paid to attend its conferences in 2008, with major meetings being held in New York, Berlin, Dubai and Hong Kong as well as London.
For more information about the Queens Awards please visit: http://www.queensawards.org.uk/business/business.html
For more information about PEI Media Group please visit:
David Hawkins, Co-founder
+44 20 7566 5440
Richard O'Donohoe, Co-founder
+44 20 7566 5430