Long one of the leading investor relations and corporate communications consultancies in the U.K., Dewe Rogerson has yet to establish itself as a major player in the U.S., despite the fact that the firm recorded revenues of $23 million last year. The perception is that the majority of the firm’s income continues to derive from overseas clients (particularly from the U.K., although Latin America is an important source of business also) looking to list in the U.S., while making inroads in the domestic market has proven stubbornly difficult.
Citigate Dewe Rogerson has also struggled to establish itself as a major player in the mergers and acquisitions arena in the U.S., despite its considerable expertise in London and elsewhere. That may change, however, with parent company Incepta’s acquisition of Sard Verbinnen, one of the hottest deal shops on the market. With George Sard, Paul Verbinnen, and Dewe Rogerson’s own Owen Blicksilver, Citigate now has a trio of M&A experts to rival any of its competitors. The acquisition of the shareholder intelligence group of Corporate Investor Communications, meanwhile, added depth to the firm’s investor relations offering.
The talent drain that began when Incepta took over DR has continued, with the departure of key executives such as Dallas Jamison, director of the agency’s tech practice, to PR 21 and senior VP Marissa Moretti to GE Capital. Sard has also lost a couple of key personnel since its acquisition, with Maureen Bailey joining Digitas to head corporate communications and Andy Merrill making the move to rival Abernathy MacGregor. Still, the senior management team has both experience and wisdom in all aspects of capital markets communication.