Palmer Hargreaves On The Acquisition Trail
Orbis Partners’ client Palmer Hargreaves has successfully raised £4 million from the Business Growth Fund in order to fund its acquisition-driven growth plans. Orbis is working with Palmer Hargreaves to identify and transact a complementary UK acquisition.
Palmer Hargreaves is a full-service integrated marketing communications agency with offices in the UK, Germany and Russia. The Company focuses on large organisations with complex marketing needs and multicultural requirements. Their impressive blue chip client list includes; Ford, Bayer, Mercedes-Benz, Deutsche Telecom, Jaguar Land Rover, Audi, Continental Tyres and BMW.
Last year the Company successfully completed the acquisition of German Content and PR agency PR Partner. The agency specialises in the IT and telecommunications industries with a team of 25 across offices in Cologne and Berlin.
We’re currently working with our advisors from Orbis to make an acquisition here in the UK. Our objectives are the same as they were in Germany; to acquire new skills that complement those of our UK team, to acquire new sector expertise and to add more good people to our current team.
Randy Weeks, Chief Executive
Having previously bought and integrated a number of companies, the Palmer Hargreaves senior management have learnt what is required to make an acquisition a success for all involved. With the funding now in place this is an exciting opportunity for the right business to join a group with great ambition and an international culture.