The Week: City News - Creston MBO moves forward

A second private equity company has approached Creston, the owner of Delaney Lund Knox Warren & Partners and Tullo Marshall Warren, to support its management buyout.

The marketing services group confirmed last month that it was talking to an undisclosed private equity company. It is understood that the second company is Cartesian Capital Group, which already has a 10 per cent stake in the group, and which wrote to Creston's board to declare its interest. Don Elgie, the founder and chief executive of Creston, is leading the talks for the estimated £40 million buyout.

Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content