LONDON: Next Fifteen Communications Group announced the acquisition of a controlling interest in Blueshirt Capital Advisors LLC (BCA), the tech focused capital markets advisory business.
In June 2016, the leadership team of Next 15’s Blueshirt agency and Next 15 agreed to create a separate but complementary business to Blueshirt, called BCA, which would play a much broader IPO advisory role for its technology clients than Blueshirt had historically played.
During this period BCA has successfully expanded its pre-IPO work to help companies maximise the value of their businesses. The paths to accessing public markets have evolved, particularly in the past 18 months. Already a leader in traditional IPOs in the technology sector, BCA has established a leadership advisory role in SPACs and Direct Listings.
Blueshirt Capital Advisors LLC (BCA) has played a key strategic role in many of the largest and most significant transactions in the technology sector that have been publicly announced to date, both in the U.S. and internationally.
BCA’s work is highly synergistic to that of Blueshirt as the combined companies offer clients a smooth path from life as a private company to the critical investor relations services required of public companies.
Next 15 initially owned 20% of BCA. As part of the shareholders’ agreement Next 15 had the option to increase its shareholding from 20% to 51%. in 2021, which it has today exercised. Next 15 has the option to increase its shareholding in BCA to 80% in two years’ time.
For the year ended 31 December 2020, BCA reported net revenues of $4.1 million and an operating profit before tax of $2.8 million. Next 15 will consolidate the financial results of BCA with effect from 1 May 2021, with a 49% minority interest. BCA will be included in Next 15’s Business Transformation segment.
Next Fifteen Communications Group is the digital communications group that owns five independent subsidiary PR brands: Text 100, Bite, OutCast, Lexis and M Booth. These brands operate as autonomous businesses, which allows the Group to service competing clients. All, however, are leaders in digital public relations.
Next Fifteen Communications acquires Shopper Media Group and subsidiaries for £15.7 million