BDO Corporate Finance is pleased to announce the sale of Branded3 Search Limited to St Ives plc. Initial consideration was £10.7m, with a further £14.3m payable based on future performance. Branded3 is a specialist search and digital agency which seamlessly fuses search engine optimisation, social, creative and technical expertise to accelerate business growth. The agency is one of the country’s leading authorities on search. The acquisition represents a continuation of St Ives’ strategy to create a complementary range of digital marketing services that will enable the Group to add further value to existing and new clients.
“I could not have picked a better team to work on the sale of my business. My impression of corporate finance houses has always been that they are all about the numbers but the team at BDO proved me wrong. They were committed, passionate and very hard working (I did not realise the amount of work that goes into a deal). Most of all, they smashed the target that I set them. I cannot say more.”
Vin Chinnaraja, CEO, Branded3 Search Ltd