09 May 2017
Ciesco advises on the sale of US-based TM, one of the most influential advertising and marketing agencies in the Southwest
TM Advertising in Dallas, Texas, has been sold to the agency’s management team in an acquisition led by CEO Becca Weigman. With a storied history dating back more than 80 years, TM is one of the Southwest’s most influential advertising and marketing communications agencies.
Chris Sahota, CEO of Ciesco, commented: “We are delighted to have advised McCann Worldgroup on this successful transaction. With Creative and fully-integrated Comms Planning and Media capabilities, TM Advertising is already one step ahead of the industry, and by building on its newly acquired status of the only female-owned brand creative agency in the Dallas/Fort Worth area, it has a unique agency proposition.”
Ciesco acted as the exclusive advisor to McCann Worldgroup.
view the press release
About Ciesco Group – www.ciescogroup.com
Ciesco Group is a London-based boutique corporate finance advisory firm, specialising in M&A advisory and business strategy for the digital, media, marketing and technology sectors, with coverage of Europe, Asia and North America. Ciesco works with entrepreneurs and global corporates who require specialist advice on domestic or cross-border transactions, divestitures and business strategy, as well as private equity firms looking for growth or exit opportunities for their portfolio companies. Led by practitioners with deep industry experience and expertise within new media and disruptive technologies, Ciesco is able to deliver its clients independent and sound advice and execution, as well as access to an extensive network of strategic relationships, direct contacts with high quality investors and opportunities globally.
About McCann Worldgroup – www.mccann.com
McCann Worldgroup, part of the Interpublic Group, is a leading global marketing services company with 24,000 employees in more than 100 countries, comprising McCann Erickson, MRM//McCann, Momentum Worldwide, McCann Health, CRAFT, UM, Weber Shandwick, FutureBrand, ChaseDesign and PMK-BNC.
About Interpublic Group – www.interpublic.com
Interpublic is one of the world’s leading organizations of advertising agencies and marketing services companies. Major global brands include BPN, CRAFT, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton Worldwide, MAGNA GLOBAL, McCann, Momentum, MRM//McCann, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick. Other leading brands include Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch, Hill Holliday, ID Media and The Martin Agency.