NEWS: MS&L discusses closer links with Square Mile

Manning, Selvage and Lee managing director Jackie Elliot has confirmed recent talks with Square Mile Communications, amid growing interest in the City PR firm from would-be buyers.

Manning, Selvage and Lee managing director Jackie Elliot has confirmed

recent talks with Square Mile Communications, amid growing interest in

the City PR firm from would-be buyers.



Elliot told PR Week: ‘ We have been informal affiliates for more than a

year and we have had talks about building on that relationship.



‘If we were going to buy a financial agency, we would very much like to

buy Square Mile.’



Elliot said that there had been about a dozen times during the last year

when the two agencies had supported each other on projects.



Square Mile joint managing director Susan Ellis declined to confirm

whether discussions with MS&L had touched on acquisition.



She said: ‘We have explored a lot of things and I would not want to be

specific about we have talked about. We are keen to increase the value

of our business and if that involves them helping us, we would be happy

with that.’



Ellis who, along with fellow MD Tim Jackaman helped form the agency in

1988, said the agency usually received at least one acquisition offer

every month.



She said: ‘We are focusing on our business at the moment and are looking

to recruit heavily, rather than be bought. However, at the end of the

day, if someone put a lot of money on the table we might consider it.’



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