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15/07/2011
Interel completes management buyout from Hasgrove Plc.
Top 10 European communications consultancy moves into next phase of growth.
Interel, a leading international consulting group specialising in public affairs, strategic communications and association management has completed a management buyout from its AIM listed parent Hasgrove Plc.
Headquartered in Brussels, the award-winning top ten European communications group will continue to develop its business through its offices in Brussels, Berlin, London, Paris, Prague, Washington DC and affiliates around the globe.
Group CEO Fredrik Lofthagen continues to lead Interel’s 20 strong management team, which is making up the majority of the company’s share capital. A new board has been created comprising six members of which three are independent, including the Chairman, Emmanuel van Innis, who is a member of the Executive Committee of GDF Suez.
Commenting on today's announcement, Fredrik Lofthagen said:
“The MBO will drive us into the next phase of growth and represents not only our faith in the company but also our confidence in the market and the potential for a company like ours to do great things."
“We are convinced that our new ownership structure will enable us to address our clients’ needs even better through the commitment of the management team and the opportunity to further incentivise staff."
“There is no doubt that Hasgrove has helped bring the company into the European top ten allowing us to build out our pan-European capabilities. We are delighted that we were able to conclude a deal that is beneficial to both parties."
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