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!
The company provides a variety of audio-visual and hybrid working solutions. Works with renowned brands and top-of-the-line technology products to deliver a modern workplace experience. Having cultivated exceptional growth for the company ove...
LEASEHOLD
This business provides marketing materials to a range of customers in the UK and across the EU. These materials have in built specialist features that customers appreciate and are willing to pay for, which protect our clients niche and provide health...
LEASEHOLD
Offering a professional and cost-effective service, the company specialises in digital, litho print and direct mail. Services include repro/pre-press, print management, finishing, exhibition and mailing services, and media planning and buying.
LEASEHOLD
07
|
Feb
|
Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION
Administrators from RSM UK Restructuring Advisory LLP are se...
06
|
Feb
|
M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION
Scottish clothes retailer, M&Co has been bought out of admin...
06
|
Feb
|
Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION
Recharge Industries has been named as the preferred bidder f...
Sign up to receive our acquisition alert emails to get your FREE guide
07
|
Feb
|
Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION
Administrators from RSM UK Restructuring Advisory LLP are se...
06
|
Feb
|
Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION
Recharge Industries has been named as the preferred bidder f...
06
|
Feb
|
M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION
Scottish clothes retailer, M&Co has been bought out of admin...
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