Global TV set to be sold

Catalyst Investment Managers have flagged the sale of Global TV, Australia’s largest outside broadcast and TV Studio operator. Catalyst is an independent Australian fund manager with around $1 billion of funds under management across around eight diverse corporate investments.

Global TV was acquired by Catalyst in 2007 for around $46 million, from the Ten and Nine TV networks.

The Australian Financial Review says Global achieved turnover of $73 million in the year to July 2012, delivering a small loss that is probably quite reasonable considering the amazing capital expenditures required to run a fleet of nine OB trucks across the nation. The firm has invested over $35 million in upgrades over recent years.

Since those financials, Global has taken over its nearest rival Cutting Edge.

Global has approximately 125 full time staff and a pool of 1,200 freelancers.