June 17th, 2020 / Insight posted in Articles

Moore Kingston Smith advises on sale of employee experience agency

In March, Moore Kingston Smith advised on the sale of Synergy Creative, a creative agency based in Bristol with expertise in the employee engagement sector. The agency was acquired by McCann Worldgroup, a subsidiary of the marketing network Interpublic Group.

The Moore Kingston Smith team was led by Nick Thompson, Corporate Finance Partner, with assistance from Calvin Bond, Corporate Finance Assistant Manager, and Thomas Acland, Senior Corporate Tax Manager. The team provided support to the agency owners, managed negotiations through the transaction and advised on tax structuring.

Giles Hicks, Co-Founder of Synergy Creative, said: “The Moore Kingston Smith team was with us from the very start of the process and we really couldn’t have done it without them. They were always on hand to support us and provided invaluable advice when we needed it most.”

Nick Thompson added: “It was a pleasure to support Giles and his co-founders Gemma and Nicky. Together they have built a reputable and award-winning agency and this sale provides an opportunity for the business to continue to grow.’’

Following the transaction, Synergy Creative will now trade under its new name, McCann Synergy.

If your organisation is considering a sale or acquisition, please contact us to find out how we can help you.