The landlord of one in every of Britain’s greatest impartial promoting and communications teams is kicking off a £100m public sale.
Sky Information understands that Lake Capital has employed bankers at Lazard to run a sale of Engine Workforce’s UK operations.
The method comes seven years after Lake Capital, a personal fairness investor, invested in Engine and mixed it with two of its current portfolio corporations: ORC World and Trailer Park.
Engine Workforce creates advert campaigns for one of the crucial UK’s greatest client manufacturers, together with Warburtons, whose newest campaigns have featured the Hollywood actors George Clooney and Robert de Niro.
The Royal Military and Sky, the quick mum or dad corporate of Sky Information, may be an Engine shopper.
The crowd additionally owns a public members of the family company, MHP, which treated the communications for Sir Philip Inexperienced’s former prime side road empire, Arcadia Workforce, previous to its cave in past due final yr.
Plenty of business gamers and monetary traders are anticipated to inspect bids for Engine Workforce, with non-public fairness companies having develop into an increasing number of lively within the sector lately.
Engine is structured beneath 3 divisions – Ingenious, Communications and Transformation – and a break-up of the crowd has now not been dominated out.
The business stays ruled via a handful of bigger gamers reminiscent of WPP Workforce and Publicis Groupe, however has noticed ‘new economic system’-focused preserving corporations reminiscent of S4 Capital, based via Sir Martin Sorrell, rising within the final 3 years.
An Engine spokesman stated: “We’re exploring long term choices for Engine UK’s enlargement and strategic course; those may come with a proper sale procedure or a 3rd birthday party funding.”