Private equity firm Lake Capital’s £100m acquisition of Engine Group is likely to trigger further acquisitions, according to Results International partner Jim Houghton.
The fact the agency has been bought by a private equity firm, rather than one of the major agency holding groups, in itself is enough to signal further acquisitions in the pipeline, he has said.
“The reason ‘strategics’ do deals is so they can buy clients, talent, and develop their existing client portfolio, whereas when you’re a financial investor like a private equity company you’re buying it to add value to it, to then sell it again. Read full story ›
Source: The Drum
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