/ THIS TRANSACTION
We are pleased to announce the successful completion of our transaction, advising McCann Worldgroup on the sale of its Australian operations to Ben Lilley. Former agency CEO Ben Lilley will take ownership of Interpublic Group’s McCann Australia.
The agency will still have access to the parent company through affiliate status but will operate independently in Australia. The acquisition will include SMART, McCann Melbourne, Sydney, Brisbane, Gold Coast and its PR business The Red Republic. Ciesco acted as the exclusive financial advisor to McCann Worldgroup.
/ Success in Australia's evolving market
Harris Diamond, Chairman and CEO of McCann Worldgroup, said Lilley will help the agency succeed in Australia. “Ben’s deep knowledge of the Australian market combined with his experience in working closely with the McCann network positions this new partnership very well to succeed in Australia’s evolving market. We look forward to the creative energy and vision that he will be bringing back to the agency and its clients”.
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