Thu, 31 Dec 2020 | ADMINISTRATION
Digital marketing firm Kin + Carta has sold its healthcare communications business Hive to Fishawack Medical Communications and Fishawack Midco US Holdings as part of its ongoing transformation.
Originally a printing business, Kin + Carta has been working hard to move towards digital marketing and now has offices across the UK, Europe, the US, South America and Asia.
The Health Hive Group and its subsidiaries, as well as The Health Hive and Spire digital, contributed net revenue of £6.5 million to Kin + Carta in the financial year ending 31 July 2020. It has gross assets of £9.1 million.
Commenting on the sale, J. Schwan, CEO of Kin + Carta, said: “We are pleased to have found a buyer for Hive, which is a strong business but not aligned to our focus on the DX market.”
“We are also thankful for the service of our Hive employees over the years. The proceeds strengthen our financial position and will allow us to make additional DX acquisitions,” he added.
“The contribution that Spire Digital has made since we acquired it just over a year ago, as well as the accelerated transformation to digital catalysed by the pandemic, confirm our belief that our focus on the fast growing DX market will drive value for our shareholders.”
Find businesses for sale here.
If you are looking for an exit, we can help!
Provides a full range of marketing services, specialising in the creation of AI websites. Utilises unique AI technology to deliver tailored content to website visitors.
LEASEHOLD
Highly reputable business operating for over eight years. Publishes print and digital content which details the latest developments in the global tank storage market.
LEASEHOLD
The company has developed and operates a leading online resource, which holds over 25 million specialist records and is renowned as leafing expert within its niche field. Over 2.5 million registered customer accounts, with the website receiving an av...
LEASEHOLD
|
20
|
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
|
19
|
|
Jan
|
Injection moulding business sold out of administration to employees | BUSINESS SALE
Conwy-based injection moulding company A2B Plastics Limited ...
|
18
|
|
Jan
|
AFH Financial Group ready to return to acquisition trail in 2021 | BUSINESS NEWS
In its yearly report to October 2020, wealth manager and adv...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
Jan
|
Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE
Modular space leasing business Modulaire Group has announced...
|
19
|
|
Jan
|
Injection moulding business sold out of administration to employees | BUSINESS SALE
Conwy-based injection moulding company A2B Plastics Limited ...
|
18
|
|
Jan
|
AFH Financial Group ready to return to acquisition trail in 2021 | BUSINESS NEWS
In its yearly report to October 2020, wealth manager and adv...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources