Gorkana Insight & Analysis Team
Four receives fund injection
Four Communications is targeting expansion in the UK and internationally following a £10m investment from BGF (Business Growth Fund).
BGF has acquired a minority stake in the agency, allowing Four to target acquisitions across the UK, Middle East and South East Asia.
As part of the deal, BGF Investor Chris Hodges will join the Four board.
The agency has also secured "an additional debt facility from HSBC", giving them the opportunity to access more capital for growth.
Over the last four years, Four has grown through the acquisition and integration of agencies including bgb in 2011, Colman Getty in 2012, Kinross & Render in 2013, Consolidated PR in 2014 and most recently MSA Media in May 2015.
Four also doubled turnover from £15m in 2010 to over £32m in 2014. It is targeting 20 per cent organic growth in its current financial year ending December 2015.
Nan Williams (pictured), chief exec of Four said: "This is a very exciting time for our business. In the past few years we have seen significant organic and acquisitive growth. With BGF’s backing, we can take this to the next level in the UK and overseas.”
The agency presently operates across a number of sectors including property, travel, culture, healthcare, financial services and public sectors. Current clients include Etihad Airways, The Man Booker Prizes, Sotheby’s International Realty, InterContinental Hotels Group and Kinleigh Folkard and Hayward.
BGF's Chris Hodges said: "Nan and her senior management team have a fantastic track record of delivering innovative communications services that are valued by Four’s diverse range of customers.
"Their ambition has driven organic growth in the business which has been enhanced by a series of strategic acquisitions that have expanded the range of services Four offers, grown its presence in dynamic market sectors such as travel, property and healthcare, and successfully established its international footprint. BGF is looking forward to supporting the team in delivering engaging creative work for Four’s clients and taking the business smoothly to the next level of scale.”