International business communications consultancy FD International (formerly Financial Dynamics) has bought healthcare specialist Santé Communications.
Great news that we have wrapped up the sale of Santé Communications to Financial Dynamics. Santé Communications, based in Covent Garden, is one of the UK’s leading healthcare communications consultancies, providing public relations and medical education services to a blue chip client base, including GlaxoSmithKline and Pfizer. Chief Executive and founder Liz Shanahan has built Santé into a profitable and well, respected business and now has the chance to expand internationally with FD.
FD International is a global PR organisation and has recently joined the NYSE-listed FTI Inc., a $1.5 billion consultancy business, so it has considerable firepower. One of the unexpected bonuses of the deal is that the stock-based consideration in FTI Inc. ordinary shares is largely driven by FTI’s restructuring and turnaround business which is very contra-cyclical, thus giving downside protection to the vendors.
Rupert Ashe, CEO, D5 Capital
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