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PRINT THIS PAGE Macquarie beats Exponent and Apax to buy BBC Broadcast for £166m27/06/2005. Source: AltAssets. 
 An Australian consortium headed by Macquarie Bank has beaten stiff private equity competition to buy BBC Broadcast for £166m. The shortlist for the BBC's digital media distributor also featured Apax and new UK buy-out group Exponent.
Macquarie Capital Alliance Group and Macquarie Bank will own 65 per cent and 35 per cent of the business respectively.
Michael Cook, CEO of Macquarie Capital Alliance Group, said, 'BBC Broadcast has state-of-the-art facilities and services delivered by very talented people and is in a strong position to take advantage of growing opportunities in Europe as well as developing demand from new communication media.'
BBC Broadcast had revenues of £109m in the last financial year.
Macquarie Capital Alliance Group is a listed investment fund established in April this year to raise A$1bn to co-invest alongside the Macquarie Bank Group. Amongst other investments, it holds 36 per cent share in the YBR Group directories business bought recently from 3i and Veronis Suhler Stevenson.
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