Marketing agency accepts £4m BGF funding
BGF has invested £4m of growth capital in Palmer Hargreaves, a marketing and communications agency headquartered in Leamington Spa, with additional operations in China, Germany and Russia.
Palmer Hargreaves was established in 1984 by the current Chairman Andrew Clift, leveraging his strong relationship with Ford for whom he previously worked in sales and marketing. The company grew through a focus on the automotive aftersales market where it established itself as the European market leader and it has diversified in recent years to cover other sectors including agrichemicals, financial services and B2B services.
Palmer Hargreaves focuses on large organisations with complex marketing needs and multi-national/multi-lingual deployment requirements. Clients include Ford, Bayer, Mercedes Benz, Jaguar Land Rover, General Motors, Audi, Volkswagen, Mazda, Continental Tyres and BMW.
The company employs nearly 50 people at its offices in Leamington Spa.
BGF’s £4m growth capital investment is supporting the company’s acquisition-led growth. Palmer Hargreaves completed the acquisition of German IT and telecommunications communications business PR Partners in October 2013, expanding its range of complementary services and clients. BGF’s investment is providing growth capital for acquisitions in the UK and Germany and has enabled the business to expand its international presence, opening a new office in Shanghai in December 2014. Palmer Hargreaves was then appointed as Porsche China’s lead Aftersales Marketing & Communications Agency under a two-year contract, with a number of significant projects underway.
The new office is based in the heart of Shanghai and has now appointed Coaching and Consultancy Director, Mark O’Flaherty.
Mark, is based locally, has 20 years’ experience in Global Automotive Aftersales across over 15 vehicle manufacturer brands, including Fiat, Ford, Volvo, JLR, BMW.
Business funding news
BGF welcomes successful exit of Brindley Healthcare
BGF has welcomed the successful acquisition of a 50% shareholding in Brindley Healthcare by French multinational Orpea, a leading European…
BGF to become cornerstone investor in Calnex Solutions’ IPO
BGF has today announced that it is investing in Calnex Solutions plc, an established provider of test and measurement solutions…