Franklin Rae changes hands from James Grant Group

Franklin Rae has a new owner just 18 months after being bought by James Grant Group.

Agency founder: Jill Franklin
Agency founder: Jill Franklin

The founder of media law firm NewLawsLegal, Tessa Laws, has acquired it for an undisclosed sum, citing shared contacts, clients and objectives as the motivation for the purchase.

Sadie Groom, MD of Bubble & Squeak and Silver Lining Communications, has been brought in to lead the agency, in addition to her existing roles.

Franklin Rae founder Jill Franklin remains involved as a non-executive director, alongside Laws. Jonathan Jackson, ex-MD of TV distribution company DRG, and Big Mouth Media founder Steve Leach also join the board.

Franklin said: ‘I’m delighted Tessa is backing Franklin Rae’s next phase of development and that Sadie Groom has been appointed to take the helm. Sadie has terrific industry experience and definitely has got what it takes to drive the company forward.

'I’m looking forward to contributing all I can to Franklin Rae’s strategic development, both in the UK and internationally.’

JGG exited PR following a strategic review and ‘acknowledgment that JGG was unlikely to be able to add sufficient value to Franklin Rae as a company in the market', according to chief operating officer Mike Wallwork.

A qualified lawyer, Laws has advised on acquisitions and disposals of TV production companies, marketing and media firms, as well as media investments.

Commenting on the acquisition, Laws said: ‘Franklin Rae is one of the biggest names in PR in the broadcasting and content industry. With shared contacts, clients and objectives in the industry, it seemed a perfect fit for me to bring Franklin Rae alongside NewLawsLegal.

‘Working alongside Sadie and her companies there are some great synergies, and I’m very excited about the prospect of fuelling the further growth of Franklin Rae.’

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