Troubled High Street retailer Game has been granted a reprieve after the investment group Opcapita announced that it was purchasing a large part of the stricken organisation.
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It has been revealed that North East England cycling festival, the Northern Rock Cyclone, is to be re-named the Virgin Money Cyclone, following the buyout.
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Marketing services group Chime Communications has announced that it has agreed to take a 100% stake in Succinct Communications Ltd (SCL) – a specialist in medical communications for prescription medicines.
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The acquisition of Fuse8 by founders Mark Walton and Andy Hutchinson from its parent company, will see the departure of one of its non-executive chairman Jeremy Middleton, although another non-executive, Graeme Burns will continue.
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Media Square’s bank Halifax Bank of Scotland, has been accused of having ‘colluded’ on the marketing group’s administration in order to allow its directors to buyout the financially troubled marketing group.
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The controversial sale of Media Square to its former management by administrators PwC has sparked calls for a change in the law to block management buyouts which have not received the approval of creditors or shareholders.
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Ocean Outdoor has stressed that it retains its independence following a management buyout backed by LDC Capital, part of the Lloyds Banking Group, who purchased the agency from Smedvig Capital for £35m.
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Sir Martin Sorrell has spoken out against Lord Bell’s moves to buy back the PR agency which still carries his name, Bell Pottinger, sating that it is a “bad deal for Chime.”
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Marketing group Hasgrove, which owns Amaze and The Chase, has sold its public affairs division Interel for £8.4m, to the agency’s management team having decided to focus on digital activity. The management buyout sees the newly formed... Read more
Advertising network Media Square is reported to have knocked back an offer from the management of The Gate Worldwide in an attempt to buy back ownership of the company. According to Marketing Services Financial Intelligence, the Gate was the... Read more
