Mitchell magic dust sprinkled here

It's super-exciting that David Mitchell is back in print.

He is one of our industry's most successful entrepreneurs, personally netting a cool £33m, or thereabouts, when he sold Astron to RR Donnelley in a near-$1bn deal four-and-a-half years ago.

In less than a decade Mitchell and his team transformed what was a small group of printing companies into a business process outsourcing behemoth. It was that rare combination of business balls, vision, and fantastic timing.

Unsurprisingly, having made a lot of people very wealthy, Mitchell is a poster boy in the private equity world. I guess his emergence at the helm of an MBI team at Bezier is not entirely coincidental - Mark Angelson, who was CEO at RR Donnelley when it acquired Astron, is after all now chairman at Bezier's majority shareholder MidOcean Partners. No doubt Angelson and co have great expectations that he can sprinkle some of that Mitchell magic dust on this business too.

While Bezier is not "just a printer" (although I do hate that phrase), the fact that Mitchell is back in the wider industry is pretty encouraging, I think. Having made a pile of money he could have kicked back, dabbled in some dare I say it more glamorous and profitable sectors, never to be seen in printland again.

The industry needs more companies that are healthy and profitable, so it has to be good news that someone with a fantastic reputation for delivering shareholder value sees opportunities in this space. And it's certainly a good time for those with the necessary funds to be cherry-picking suitable acquisitions... Watch this space.