LLYC partners buy a stake in private equity
MADRID – LLYC’s partners bought out the 30% stake that private equity firm MBO & Co acquired in the agency in 2015.
Since the sale of the stake six years ago, LLYC has experienced an average annual growth of 18% and currently ranks 48th in the world according to PRovoke’s Global 250, with 2020 revenue reaching 44.3 million. ‘euros.
The company also used the MBO investment to fuel acquisitions, buying a series of businesses in Spain, Brazil, the United States and Chile, expanding its network to 16 offices across the Iberian Peninsula and the Americas.
“We are very grateful to MBO & Co for their trust over the years,” said LLYC Founder and President José Antonio Llorente. “They have been the perfect travel companion at a time of upheaval for the industry and for our customers. With their support, we have laid the foundations for a differential positioning which involves the integration of digitization, exponential technologies and creativity in our value offer. engage in a new phase with ambitious growth objectives and a strengthened position to take advantage of the opportunities presented by the sector. “
Besides Llorente, LLYC partners include Luisa Garcia, Arturo Pinedo, Adolfo Corujo and David González Natal.
“We are very satisfied with the partnership we entered into with LLYC five years ago and we are now moving on after having achieved our investment objectives”, added Richard Broche, partner of MBO & Co. “During this period, LLYC has successfully completed an ambitious growth plan that has established it as a full-service provider in the communications and public affairs consulting industry, with teams specializing in multiple areas, as well as technological capabilities and geographic leadership in the field of communications and public affairs. Iberian Peninsula and the Americas. , a region which represents 52% of the activity. “