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10 August 2015

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: “The 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”.