Charles Russell Speechlys advises Business Growth Fund (BGF) on its investment in Four Communications
Charles Russell Speechlys has advised BGF on its investment in Four Communications, the UK’s sixth largest independent communications agency.
BGF invested for a minority stake in London-headquartered Four Communications (Four) which also has offices in Edinburgh, Abu Dhabi and Dubai and employs over 200 staff.
Four’s key services include public relations, public affairs, marketing, sponsorship, digital and content, and media planning and buying, with a particular focus on the property, travel, culture, healthcare, financial services and public sectors.
As part of the investment, the business also secured an additional debt facility from HSBC.
Four has experienced rapid growth over the past four years, doubling turnover from £15m in 2010 to over £32m in 2014, a record-breaking year for the agency, and is expected to increase this again by over 20 per cent organically in its current financial year ending December 2015.
Chris Hodges of BGF commented: “Malcolm and his team provided us with great support throughout the process, in particular bringing a balance between technical legal skills and experience, alongside a commercial perspective as we navigated through the transaction”.
The Charles Russell Speechlys core team comprised Partner Malcolm MacDougall, Associates Lee Holland and Emily Davies, and Trainee Solicitor Olivia Mackie from the Private Equity team, with support from members of our Corporate Tax and Employment teams.
Malcolm MacDougall, Partner commented: “We are delighted to have completed another deal for BGF, and look forward to continuing to work with BGF and to support its portfolio companies”.
News & Insights
Charles Russell Speechlys advises the Civica Group on the acquisition of the OneStep Solutions group
OneStep provides cloud-based application software and related services to support the complete debt recovery process.
What’s in a name - Employment status and the gig economy in 2018
Advances in technology have resulted in disruption to the labour market with both business and workers seeking more flexibility.