The Labour peer who once presided over media assets including the Octonauts, Mr Men and Noddy is returning to the London stock market at the helm of a vehicle that will target takeovers in the creative industries.
Lord Alli's appointment, which will see the company seek shareholder approval to rename itself 450 plc, will make him the latest in a string of prominent business figures to team up with Marwyn, one of Britain's most prolific creators of listed acquisition vehicles. One source said the deteriorating economic backdrop meant it was an opportune time to find companies with capital constraints but which were otherwise primed to expand.
Octonauts?
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