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!
We are presenting an exciting opportunity to acquire an award-winning web development and digital content business with a strong portfolio of high-profile clients, including globally recognised brands.
An established contract cleaning & soft facilities management services business with a proven track record of sustainable growth and strategic service development.
A thriving digital marketing training business with a robust presence in the UK and outreach to the MENA region is now available for sale.
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.