NEW YORK: Newly-created integrated marketing communications
operation FutureSource is in the market for PR firms. The start-up,
which is being bankrolled by Thoma Cressey Equity Partners, the Chicago
private equity firm behind Lighthouse Holdings, which bought Financial
Dynamics earlier this year.
Future Source is planning to spend as much as pounds 125 million on a
series of PR, advertising and market research firm acquisitions. Lee
Mitchell, a partner with TCEP, said the company is eyeing PR firms with
pounds 6 million in revenues or higher.