Holmes Report 09 Aug 2015 // 12:05PM GMT
LONDON—Four Communications, one of the UK’s top 10 independent public relations firms, has received a £10 million investment of equity finance from BGF (Business Growth Fund). As part of the investment, the business has also secured an additional debt facility from HSBC.
BGF has taken a minority stake in Four, which has doubled in size over the past four years, from £15 million in 2010 to more than £32 million in 2014. The firm has more than 200 staff across offices in London, Edinburgh, Abu Dhabi and Dubai, offering expertise in 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.
BGF’s £10m growth capital investment will support the company in making a number of acquisitions in the UK, Middle East and South East Asia, building on past acquisitions including bgb in 2011, Colman Getty in 2012, Kinross & Render in 2013, Consolidated PR in 2014 and most recently MSA Media in May 2015.
According to Nan Williams, chief executive of Four Communications (pictured), “In the past few years we have seen significant organic and acquisitive growth. With BGF’s backing, we can take this to the next level in the UK and overseas.”