Deal Points To Further Consolidation in Sector
Two leading marketers from Huddersfield who launched their own creative design agency 10 years ago have sold their business to London-based Zone Design and Marketing Limited – with the help of Irwin Mitchell.
Directors Steven Lucker and Paul Driver established Social UK Limited in 2002 and have since built up an impressive portfolio of clients including Hilton Hotels, Merrell, Capital Radio and Universal Music.
The deal, which was advised by the Leeds office of law firm, Irwin Mitchell and accountancy firm, RSM Tenon, sees Zone Design and Marketing acquire Social UK’s share capital for an undisclosed sum.
Headed up by Managing Director, Robin Horrex, Zone Design was launched in 2006 and boasts a client list including Bayer, Carlsberg, PepsiCo and Kraft.
Acting on behalf of Social UK, Paul Johnson, corporate partner at the Leeds office of Irwin Mitchell said: “Social UK has built up an impressive list of clients, indeed over the last few years, it has been involved with some significant re-branding exercises for some well-known global organisations.
“Social’s blue chip clients complements Zone’s existing customer base and I’m confident that the combined organisation will be even stronger. This deal is one of a number in the sector that we have worked on recently and is another example of consolidation in the sector.”
Steve Hubbard of RSM Tenon advised the vendors, Steve commented: "We have advised Steve and Paul since the early days of Social and we were delighted to assist them with their exit. Our involvement throughout demonstrates our commitment to helping entrepreneurs achieve their strategic goals."