The move comes after a successful year of new client wins and retention and will also see all of Zibrant's team members enjoy a major profit share payment.
Founded in 1989, Zibrant was purchased by Nigel Cooper in 2014 and under his governance the company has grown its market share and presence in the meetings industry, as well as widening its reach in the accommodation and exhibition sectors. Fay's purchase highlights the confidence in the award-winning agency which also recently announced the opening of a London office.
Commenting on the acquisition, Fay said “Zibrant is in my DNA and I'm delighted to be able to invest back into something that I started over 25 years ago and that I have seen develop into a market leader. My passion for the company, as well as the meetings industry, is no secret so of course I jumped at the opportunity to buy back in. I have the utmost confidence in the team and what we offer, so to me it made perfect sense to become financially involved again.”
2014/2015’s positive commercial climate at Zibrant has also enabled a six figure bonus to be shared across the company.
Fay continues, “Every year we look to build for the future and have already invested in our product and back of house operations such as our IT infrastructure. However, 2015/2016 is all about celebrating our people and the massive part they play in making us the company we are, hence the bonus they will all receive.”
Nigel Cooper added “Fay and I have an incredible respect and understanding of how we both operate and it’s therefore fantastic to see her take a share-holding in the company. Fay is one of the most known and most respected figureheads in the meetings market and I'm delighted by what she has chosen to do. We have one of the strongest and most committed teams, and it’s gratifying for both Fay and I to reward them financially for their work and commitment to us over the last year.”