Shed buys majority stake in Renegade Shed, whose portfolio of production companies includes the eponymous Shed Productions, Twenty Twenty, Ricochet and Wall To Wall, has acquired a 51pc stake in Renegade, in a deal valuing the company at around £8m. It will buy the remaining 49pc in increments over the next few years, incentivising Renegade's chief creatives, Alan Hayling, Alex Cooke and Jon Rowland to remain with the business they founded together in 2006. Mr Hayling, Renegade's editorial director, said it was attracted to Shed by its "integrity - the sense that the quality of the programmes they make really matters." Nick Southgate, chief executive of Shed, said he had "long been an admirer" of the production company, whose slate also includes Beeny's Restoration Nightmare and ITV's Popstar to Operastar. The deal comes amid a relative lull in acquisition activity in the television production sector . Last year, the production giant All3Media attempted to sell for around £750m, but pulled the sale after bids came in too low. The last major deal in the sector was Warner Brothers buying Shed in August 2010, shortly after the company delisted via a turbulent management buyout. The Renegade deal comes in a good week for Shed, whose Wall To Wall subsidiary produces BBC1"s The Voice. The music talent show, hailed as a cross between The X Factor and Dragon's Den, closed in on Britain's Got Talent on Saturday night, piling pressure on ITV. The Voice attracted an average of 9m viewers, peaking at 10m, compared to 10.5m for Britain's Got Talent, peaking at 11.6m. However, the BBC show beat its ITV rival in the 20 minutes that the two shows overlap, at 9.6m versus 7.6m.