20 nov 2017 año - Hanover Group aquires BP Middle East in Gupta fallout

Descripción:

https://www.ft.com/content/2ebaecac-ce16-11e7-b781-794ce08b24dc

“It’s been a tough ride but the hard work starts here,” said Archie Berens, managing director of BPME. “We’ve had huge support from our clients and now have a new home.”

Jonty Summers, Hanover Middle East managing director, will become managing director of the combined business while Mr Berens will become chairman. Charles Lewington, Hanover’s chief executive, said BPME was a “terrific business” which “presents a strategic opportunity for Hanover”.

“The Middle East team are a great fit [and] bringing Archie and the team on board creates scale and presence . . . for Hanover in both Dubai and Abu Dhabi,” said Joe Hine, a partner at SI Partners, which advised Hanover. He added that the sale “provides an excellent platform for growth for the combined business”.

https://www.telegraph.co.uk/business/2017/09/13/bell-pottinger-executives-fight-save-disgraced-pr-firms-middle/

He described the Middle East operation’s client base as “rock solid”, with accounts including Aldar Properties, a listed developer which is Abu Dhabi’s largest real estate business.