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(From PR Week)
Former BSMG Europe chairman Tim Sutton is returning to the PR scene with a multi-million pound war chest to fund the creation of a full-service European agency network through a mass acquisition spree.
Sutton confirmed this week he has teamed up with ex-BSMG non-executive director Ron Boschetto to launch Orpheus Group, backed by financing from an undisclosed US private equity group.
The partners are currently in discussions with a number of agencies across Europe, but are not looking to acquire in the UK as part of their initial plans.
Sutton, who left BSMG shortly after the group's merger with Weber Shandwick last year, said they are aiming to create a pounds 30m operation with a view to ...