Sale of Elvis Communications
3 November 2017
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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