Sale of Elvis Communications

    Completion Date: 14/09/17
    Target: Elvis Communications
    Acquirer: The Next 15 Group
    Deal Value: Undisclosed
    Details: Southampton firm Paris Smith LLP have completed the third London-based disposal for US private equity (Mill Road Capital LLC) backed EDC Communications in less than six months. Following the sale of brand strategy and design agency Identica to Writtle in March 2017, and the sale of EDC’s shareholding in creative agency Mr President Partnership, Elvis was purchased by the listed Next 15 group, and joins a portfolio of 18 agencies
    Corporate Finance Advisers: BDO LLP
    Legal Advisers: Paris Smith (Jonathon Roy) for the sellers. Lewis Silkin for the buyers
    Financial Due Diligence: Kingston Smith LLP