The bosses of the television production company behind reality dating show Ex On The Beach have made millions after selling their company to Entertainment One.
Under the deal, 70 per cent of Whizz Kid Entertainment will be sold for £6.9m. This includes £5m in cash and 637,952 Entertainment One shares.
Life’s a beach: The production firm’s Ex On The Beach sends eight single men and women on a summer holiday together – but the contestants are then joined by ex-partners
Chief executive Malcolm Gerrie, managing director Lisa Chapman and chairman Patrick McKenna are among those who have sold shares.
Gerrie had the biggest stake before the deal, at about 45 per cent, according to Companies House.
The 67-year-old founded Whizz Kid in 2006 after previously founding Initial, the company behind Big Brother in the UK. McKenna, 61, held about 42 per cent through Ingenious Capital Management. Chapman, 49, holds almost 11 per cent.
The production firm’s Ex On The Beach sends eight single men and women on a summer holiday together – but the contestants are then joined by ex-partners who are out for revenge or to rekindle their relationships.