Posts Tagged ‘Engine’
Posted to the Holmes Report here
If the headlines are anything to go by, mergers and acquisitions have well and truly returned to the agency world. Recent months have brought a lengthening roll-call of firms that have jettisoned their independence in favour of selling out to a network, casting the 2009 recession as a brief pause in the relentless pace of wheeling and dealing.
Amid the torrent of new deals, though, is enough evidence to suggest a lingering sense of caution on the part of buyers. Several independent agency sources contacted by the Holmes Report expressed disappointment with the terms of typical offers, posing a particular quandary for highly-rated firms that have waited for conditions to approach those that characterised the M&A market prior to the recession. Read the rest of this entry »