Maja Pawinska Sims 21 Feb 2022 // 8:50AM GMT
LONDON — Next Fifteen Communications has confirmed it is in talks to buy Engine UK, the owner of PR agency Engine MHP + Mischief.
Next 15, which owns agencies Archetype, MBooth, Outcast, The Brandwidth Group and Publitek, issued a statement this morning in response to a report in Adweek at the weekend about the potential acquisition.
The group said: “In line with its strategy, the company regularly assesses a number of potential acquisition opportunities at any given time. The company confirms that it is in discussions with Engine
“Shareholders are advised that there can be no certainty that any transaction will proceed to completion or as to how any transaction would be structured.”
Engine UK owner Lake Capital announced last summer that it was planning to sell the independent marcomms group, which includes digital, data, advertising and experiential capabilities, as well as corporate and consumer PR under the blended MHP and Mischief team.
It is not yet known whether Engine UK will remain intact or its divisions will be split up in separate deals. Engine MHP + Mischief declined to comment.
At the end of 2020, Engine MHP + Mischief deputy CEO Nick Barron told PRovoke Media that MHP and Mischief had persuaded the marcomms group to keep both brand names and identities rather than rebranding as Engine Communications as expected.
Engine MHP + Mischief was named PRovoke Media's UK Consultancy of the Year for 2021.