CHI and Stead sign deal to buy Rapier
06 Sep 2012 | by Sara Kimberley
CHI & Partners Holdings has completed its deal to acquire a joint stake in Rapier along with Jonathan Stead, the agency's chief executive.
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The Office of Fair Trading has extended its own deadline for making a decision on whether to refer the acquisition of Aegis by Dentsu to the Competition Commission.
CHI & Partners Holdings has completed its deal to acquire a joint stake in Rapier along with Jonathan Stead, the agency's chief executive.
Dentsu's £3.16bn takeover of Aegis Group, owner of the networks Carat and Isobar, moved closer to completion yesterday when Aegis' shareholders voted overwhelmingly in favour of the deal.
College Group has bought independent financial PR shop Merlin, marking the group's first acquisition since its private equity cash injection in October.
Publicis Groupe has denied a report that it had been working with a group of banks on a $6bn ($3.8bn) bid for Interpublic (IPG), which would put it ahead of Omnicom as the world's second-largest advertising group.
WPP digital agency Possible has bought London-based digital specialist Fortune Cookie for an undisclosed sum, appointing its founder Justin Cooke as its UK chief executive.
Inferno has acquired an undisclosed minority stake in the independent agency Quiet Storm as the first move in building a partnership between the two agencies.
Luther Pendragon has signed a deal to acquire financial and professional services PR specialist Lucid Communication.
Consumer agency Red Kite has been created following a management buyout from parent agency Redleaf Polhill.
Aegis has entered into a majority stake joint venture with Chinese technology and digital marketing company, Beijing Adsit Technology, to set up iProspect in China, as it and WPP continue their acquisition spree.