2nd June 2011
We’re delighted to announce the sale of leading digital media agency Steak Group to one of the world’s largest marketing services groups, Dentsu, based in Tokyo.
Founded in 2005, Steak has 94 employees with offices in London, New York and Melbourne and is widely recognised as a market leader in digital search marketing. Steak will become part of Dentsu Network West.
Green Square acted as advisor to the shareholders of Steak throughout the process and the acquisition sees Steak become Dentsu’s digital footprint in Europe giving it the ability to offer Dentsu’s media expertise across Asia to its clients.
Ollie Bishop, CEO and majority shareholder of Steak Digital, commented:
“Green Square were exceptional. They were wedded to us throughout the entire
process and their significant expertise and experience of transactions in our
sector ensured they negotiated the best possible outcome for Steak and its
shareholders. I couldn’t recommend them highly enough.”
Tony Walford, Green Square partner, commented:
“We are very pleased to not only have been able to realise significant value for
shareholders but also secure a strong future for the business in its representation
as the European digital face of one of the largest global marketing groups.”