LDC backs PR firm Headland

The private equity house said it will support Headland's organic growth strategy, which will entail broadening the consultancy capabilities and advising a broader range of clients.

Headland's management team, led by Chris Salt and Dan Mines, will continue to head the business.

LDC has prior experience backing a communications agency. In 2012, the firm took a majority stake in UK-based PR consultancy Blue Rubicon in a deal that valued the business at £30m. The asset was sold to BC Partners-backed Teneo in 2015.

Company
Founded in 2012, Headland advises businesses on financial and corporate communications, public affairs and campaigning.

According to a press release, Headland increased revenues by 20% during the pandemic. Its latest publicly available accounts show turnover of £14.3m and operating profit of £5.7m in the year to 31 March 2020 – this was already up from 2019 numbers of £11.9m in turnover and £5.1m in operating profit.

The company employs 117 people and its clients include Accenture, Asos, Danone, eBay, Future, Just-Eat, PepsiCo, Pret, Saga, Three UK, TikTok, UBS, Versus Arthritis and Watches of Switzerland.

People
LDC – David Andrews (director); Lewis Winston (investment manager).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Media
• UK / Ireland
• LDC
• Minority investing