Ptarmigan set for sale

Bell Pottinger is on the brink of entering a financial agreement to acquire the staff and clients of Northern PR consultancy Ptarmigan.

Chime Communications chairman Lord Bell said: ‘We are buying the business of the company, but we are not acq­uiring the company. I cannot give you further details at this stage.’

It is believed that there will be minimal cash paid as part of the deal, but it may include Bell Pottinger sharing a certain percentage of future profits with Ptarmigan’s exe­cutive chairman Gordon Forbes.

Talks have been ongoing for three months and the two firms are now at the due diligence stage. It remains unclear whether Leeds-based Ptar­migan will continue to operate under its own brand.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.