Tech-based marketing group Next 15 is acquiring of Engine UK from Lake Capital in the US for £77.5m, £20m or so less than Lake paid a few years ago. Next raised £50m from shareholders to fund the deal. Engine made ...
Read More »Engine unveils its three new pillars – but is this wise?
Engine, the marcoms group set up by former WCRS founder Peter Scott, announced last year that it was getting rid of agency brands – including WCRS (Scott had departed some time before.) Engine is now owned by US firm Lake ...
Read More »Engine lures Church from Y&R as new business head
Marketing services network Engine Group has hired Zoe Church (left) as its global director of business development. In the new role, Church will be charged with growing the group’s global offering and winning new business. She will be based in ...
Read More »Matt Williams: what should today’s creative department look like and who should be in it?
One of the things that first attracted me to Engine was the way it nurtured its employees. And a big part of that nurturing is through its mentoring initiative. Mentoring is important, not just because it gives those lower down ...
Read More »Matt Williams: The Engine Group deal – what employees really want from an acquisition
So we’re done and dusted. The Engine acquisition, I mean. Chances are you’ll have read about it over the past couple of weeks. And of course it’s taken a little longer – and generated a few more headlines – than ...
Read More »Is Lake Capital’s takeover of Engine a done deal?
The deal between Terry Graunke’s (left) Lake Capital and the UK’s Engine Group looked a bit rushed – or the announcement of it anyway – and maybe some of the reasons are emerging. Campaign reports that former employees of the ...
Read More »Engine sells to Hollywood powerhouse for £100m
Chicago-based private equity firm Lake Capital is buying Peter Scott’s Engine Group; the company that owns WCRS, US-based digital agency Deep Focus and social media agency Jam among others. The price is said to be £100m. Lake Capital is buying ...
Read More »BMW drops WCRS and steers into FCB Inferno
It’s been a pretty quiet post-Cannes week up to now but BMW has livened things up somewhat by dropping long-time agency WCRS, according to Campaign. BMW was WCRS’s founding client way back in 1979. The agency began with a dreadful ...
Read More »Engine Group launches social media ‘creative newsroom’ Moment Studio in the UK
Producing ‘real time’ content is a tricky business – just ask a journalist – but now more brands are trying to do the same as they adapt their communication wares to social media and the internet. So Engine Group, the ...
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