SI Partners has advised Emma Smith, Founder and Chief Executive of The Consultancy, on the sale of the business to MHP Communications. SI Partners has worked closely with Emma to advise on the complexities of the deal at every stage.
From 29th August 2013, The Consultancy will be renamed MHP Communications Hong Kong and will be helmed by its founder and chief executive Emma Smith. Emma will also join MHP’s senior management team. Her focus will be on ensuring continuity in client service, staffing and operations, and on further expanding the new business’ footprint in Asia.
Specialising in financial PR and communications, The Consultancy was founded a decade ago by Smith after stepping down from her role as Asia-Pacific leader for Weber Shandwick.
“This approach is very similar to the three agencies that merged in 2010 to form MHP: Mandate, Hogarth and Penrose.” said Gavin Devine, chief executive of MHP and now, chairman of it’s Asia division. “We have been working with The Consultancy for years thanks to shared clients, and it’s similarities to us drew us to the agency when we decided, 18 months ago, to enter Asia.”
Emma said, “Having completed ten successful years of supporting our clients across Asia Pacific now was the logical time to partner with a like-minded company, to spearhead the next phase of our growth. Over the years, we have provided support in the region for several of MHP’s clients, and there is clear synergy between the two agencies. Our team in Asia is really looking forward to being part of a larger global force and the potential that brings.”
Source: Campaign Asia – for full report please visit http://www.campaignasia.com/Article/354996,mhp-comms-to-acquire-the-consultancy-to-branch-into-apac.aspx?eid=21&edate=20130829&utm_source=20130829&utm_medium=newsletter&utm_campaign=daily_newsletter