LONDON—Chime Communications, which owns the Bell Pottinger public relations brands, has expanded its financial communications capabilities via an agreement with leading independent Pelham Public Relations, which will be merged with its Bell Pottinger Corporate & Financial business.
James Henderson, founder and CEO of Pelham will become managing director of the new business, which will be called Pelham Bell Pottinger. Chime will own a majority of the enlarged business following the transaction, which is expected to be concluded before the end of 2009.
Says Lord Bell, chairman of Chime: “A strong financial public relations offer is important to the Bell Pottinger Group which is already the U.K.’s largest public relations business. We have been impressed by the way James and the Pelham team have developed their business to date and their ambition to take it forward within Chime.”
Pelham reported a pre-tax profit of £880,000 for the 16 months to the end of 2008, on a turnover of around £8.2 million. Henderson co-founded Pelham after leaving College Hill Associates, where he had worked for 15 years.
According to Henderson: “Pelham has grown very rapidly in the five years since its foundation; being part of the Chime Group will enable us to maintain that growth.”