/ THIS TRANSACTION
We are delighted to announce the successful completion of our latest transaction, advising Cognite, a leading healthcare strategy and communications agency, on its investment from Vespa Capital. In this process, the Cognite team were looking to find a partner with shared values, passion for the (bio)pharmaceuticals industry and the right experience and capabilities to help Cognite get to the next stage of its growth. After successfully taking the business to market and receiving strong interest from a host of leading UK mid-market private equity houses, Vespa was selected as the partner for Cognite.
Cognite will continue to be run by existing leadership team of Lee Hurley and Sean Cush with ongoing involvement from Mike Young.
/ CIESCO'S ROLE
Ciesco acted as an exclusive sell-side advisor to the partners of Cognite and was selected based on its specialist sector expertise and a strong network of senior-level buyer and investor relationships including Private Equity firms, leading strategy consultants, advertising networks, financial, and trade buyers.
In Vespa Capital, Ciesco and Cognite identified the financial heft, industry expertise and cultural synergy to take Cognite to the next level.
The transaction delivers a bespoke recapitalisation solution to the Cognite founders and senior management team, with Lee Hurley (CEO), Sean Cush (Chief Business Officer) and Mike Young (Non-executive Director) reinvesting a significant portion of their proceeds alongside Vespa Capital.
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