The local leadership team acquired an unknown majority stake in M&C Saatchi Abel Limited, M&C Saatchi Connect Limited, Levergy Marketing Agency Limited, Razor Media Limited, Dalmatian Communications Limited and Black & White Customer Strategy Limited from M&C Saatchi plc in a management buyout transaction for £5.6 million.
April 09, 2024
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The local leadership team acquired an unknown majority stake in M&C Saatchi Abel (Pty) Limited, M&C Saatchi Connect (Pty) Limited, Levergy Marketing Agency (PTY) Limited, Razor Media (Pty) Limited, Dalmatian Communications (Pty) Limited and Black & White Customer Strategy (Pty) Limited from M&C Saatchi plc (AIM:SAA) in a management buyout transaction for £5.6 million on April 9, 2024. M&C Saatchi's shares in the M&C Saatchi South Africa Group are being acquired by the existing local leadership teams which includes the directors and current minority owners of the M&C Saatchi South Africa Group. The proceeds of the disposal will be retained by M&C Saatchi. In the year ended December 31, 2023, the M&C Saatchi South Africa Group generated a consolidated profit after tax of £1.3 million (£0.7 million excluding minority interests). Max Jones, EddMansfield, and Will King of Liberum Capital Limited is Financial advisor to M&C Saatchi. Liberum Capital Limited, consider the terms of this divestment to be fair and reasonable for M&C Saatchi's shareholders are concerned.
The local leadership team completed the acquisition of an unknown majority stake in M&C Saatchi Abel (Pty) Limited, M&C Saatchi Connect (Pty) Limited, Levergy Marketing Agency (PTY) Limited, Razor Media (Pty) Limited, Dalmatian Communications (Pty) Limited and Black & White Customer Strategy (Pty) Limited from M&C Saatchi plc (AIM:SAA) in a management buyout transaction on April 9, 2024.
M&C Saatchi Plc is a United Kingdom-based creative solutions company, which is engaged in the provision of marketing services. The Company operates through five connected specialisms: Advertising, Media, Issues, Consulting and Passions. Advertising specialism offers scaled and personalized content to create and fulfil demand. Media specialism is engaged in connecting brands with digitally connected consumers. Issues specialism offers communication for defense, diplomacy, and development. It also offers climate, health emergencies, human rights and freedoms, social justice, conflict prevention, security. Consulting specialism offers consulting in high margin and emerging sectors. Passions specialism is engaged in connecting brands to customers through passions, communications, and personalities. Passions specialism works with range of global clients including Barclays, Heineken, adidas, The Coca-Cola Company, Sephora, and Benefit Cosmetics.
The local leadership team acquired an unknown majority stake in M&C Saatchi Abel Limited, M&C Saatchi Connect Limited, Levergy Marketing Agency Limited, Razor Media Limited, Dalmatian Communications Limited and Black & White Customer Strategy Limited from M&C Saatchi plc in a management buyout transaction for £5.6 million.