Price tag could reach as high as £50m, according to reports
Powerscourt's clients include numerous high profile business figures including ex-BP chief executive Bernard Looney. Photograph: Daniel Leal-Olivas/AFP via Getty Images
Former journalist Rory Godson is in talks to sell Powerscourt Group, the public relations agency he founded in 2004, to a US company backed by former Ryanair chairman David Bonderman’s private equity group, according to industry sources. The price tag for the PR group, which represents high profile clients in the UK and Ireland including former BP chief executive Bernard Looney and companies like Eir, DCC and Airbus, could reach as high as £50 million , according to Sky News website.However, sources familiar with the industry told The Irish Times that the one-time editor of Sunday Times Ireland edition, is close to an agreement although the deal “is not there yet”.
If finalised, the agreement would see the London and Dublin based group sold to Morrow Sodali, a US strategic and corporate adviser, which counts the likes of IBM, Pfizer and Salesforce among its clients, according to its website. Since last year, Morrow Sodali has been majority-owned by TPG, the US private equity giant founded and chaired by David Bonderman. The US billionaire served as chairman of Ryanair for two decades before standing down in 2020.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PICTURE: Katie Price Debuts Son Jett On Magazine CoverThe website for Irish women
Read more »
Oil price jumps as Hamas attack on Israel raise supply fearsReported involvement of oil producer Iran in surprise attack raises prospect of retaliation that could jeopardise supply routes
Read more »
Yuno Energy price cut 'could save customers €355 per year'The company said the change, which comes in immediately, means customers could save €355 per year
Read more »
‘Game changer’ Revlon One-Step hair dryer is half price at only €35If you don’t want to fork over hundreds for the Dyson Airwrap, you can grab the Revlon One-Step hair dryer and volumiser which is the viral tool for your hair
Read more »
Budget 2024: Price of cigarettes goes up as Government announces new tax on e-cigarettesThe Government have announced that the price of cigarettes will increase by 75c per pack as part of the 2024 Budget, bringing the price up to €16.75.
Read more »
Northern Ireland property prices rise by 5.7% in a yearThe average price of an existing home in Northern Ireland is now £201,800
Read more »