The buyout was financed privately and leaves Ocean Media debt free. As such it is able to, and intends to, launch and acquire new business. Kenny will be chair of Ocean Media while Moran will be CEO. Moran and Ion Equity owned Ocean Media previously from July 2006 to October 2007.
Moran said: "They say you should never go back, but Ocean is a great company with strong products and fantastic people and I am looking forward to growing Ocean again." Kenny said: "We enjoyed working with David and the team the first time round and to misquote Victor Kiam, 'I liked the company so much I bought it twice'."
(Lee Baldock)
