BIMM, the Brighton Institute of Modern Music, has denied claims in the national press that is on the market, according to a story in south-coast newspaper The Argus. Brit Award-winning Tom Odell, pictured, is a former BIMM student.
According to The Argus, reports of the college being for sale in newspapers including the Telegraph are incorrect, says BIMM management. In fact, the college is looking to expand, and has brought in an advisor to assist with a growth campaign.
“BIMM has appointed financial advisor, Rothschild's, to help it access further investment to build on the group's success in 2012-13,” the Argus was told.
Sovereign Capital bought a majority stake in BIMM for a reported £10m in 2010, and flexed its fiscal muscles again only recently: in September 2013, the original Acton-based Tech Music School celebrated 30 years of teaching with a move to a new £3m facility in Fulham; then in October, the BIMM Manchester campus opened at a cost of £3million. With further colleges in Dublin and Bristol, student numbers in the group have risen from 1,150 to 3,400.
BIMM marketing director David O’Connor told the Argus that the Rothschild’s appointment would facilitate the creation of colleges in “Europe, [the] US or Asia.”