Illuminas in Management Buyout
The management team of UK-based Illuminas has completed a management buyout (MBO) from former parent company MSQ Partners. Terms of the deal were not disclosed.
Illuminas employs over 75 people in its offices in the UK and US and works in sectors including technology, financial services, retail, distribution and healthcare. The firm was previously known as Incepta, and included merged UK-based consultancies Citigate DVL Smith and Hauck Research Services.
Illuminas' earlier parent company Media Square was acquired through an MBO in 2011 to form MSQ Partners, and following the latest buyout MSQ will continue to focus on its portfolio of companies spanning advertising, PR, design, brand strategy, direct and digital marketing.
Illuminas CEO John Connaughton (pictured) comments: 'We are delighted with the outcome of the MBO. This represents the fulfilment of a long-held objective to place full control over the future development and growth of our firm in the hands of the skilled research professionals who have built the business'.
Web site: www.illuminas.com .