MBO for Grandfield Public Affairs

The management team of Grandfield Public Affairs has staged a buy-out of the division and will set up as a separate entity in the next two weeks.

The management team of Grandfield Public Affairs has staged a

buy-out of the division and will set up as a separate entity in the next

two weeks.



GPA directors Chris Butler and Phil Kelly now wholly own the business

which was established three years ago. Butler said: ’We wanted to move

closer to Westminster. It came to the point where we either continued

under somebody else’s management or took the risk ourselves. We have

negotiated an amicable settlement and will work on joint clients.’



These joint clients include French media group JC Decaux which recently

appointed Grandfield to handle public affairs along with corporate and

financial PR (PR Week, 23 January).



It is thought that the Grandfield management had doubts about the fit of

GPA, which employs four people, with the rest of its business and

instead decided to channel resources into a new financial services

division (PR Week, 13 January).



Charles Cook, managing director of Grandfield, said: ’We wanted to

concentrate on our financial practice and at the same time it became

apparent that for GPA to grow it needed to move to the other side of

town. It was sensible to change the management structure.’



Grandfield has given Butler and Kelly the option to continue trading as

Grandfield Public Affairs on joint business. However, Butler and Kelly

expect to rename the company in the next few days.



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