Acquisition of Engine U.K. Planned by Communications Company in the Next 15 Steps
Engine Group's U.K. Sector to be Sold for Around £100 Million
The U.K. sector of the Engine Group is set to change hands, with communications group Next15 in talks to acquire the business. According to reports, the asking price for the U.K. business is approximately £100 million.
The sale process, which has been ongoing for several months, is being managed by bank Lazards, appointed by Lake Capital, the current owners of Engine Group. This sale is part of ongoing negotiations and was first reported by Sky News.
The sale does not include the U.S side of Engine Group, which is currently being positioned for sale to reduce the company's debt load. No public update on the U.K. sector sale has emerged as of August 2025, but the CEO's statement implies ongoing confidence in the global operations, including the U.K. and APAC divisions.
The future implications for the U.S. and APAC sections may depend on the outcome of the U.S. sale, but are as yet unspecified. Meanwhile, the sale of the U.K. business is expected to be confirmed before the end of February.
Adweek has spoken to four sources with knowledge of the deal, confirming the sale discussions. However, no related transaction advisory listings or other relevant sales were identified for the U.K. sector of Engine Group in the search results.
The strength of the global business, with a well-balanced estate and growth opportunities, suggests that the U.K. and APAC divisions may continue operations without immediate changes. The CEO's emphasis on the global business's strength indicates that the sale of the U.K. sector may not significantly impact the overall operations of Engine Group.
The sale of the U.K. business to Next15 is a significant development for both companies. Engine Group, a leading marketing services group, will be able to focus on reducing its debt, while Next15, a growing communications group, will expand its operations in the U.K. market. The exact terms of the deal are yet to be disclosed, but the sale is expected to be finalized soon.
In conclusion, the sale of the U.K. sector of Engine Group to Next15 is a strategic move for both companies. While the future of the U.S. and APAC sections remains uncertain, the sale of the U.K. business indicates a shift in Engine Group's focus towards debt reduction.
The sale of Engine Group's U.K. sector is likely to influence the finance and business operations of the company, as the proceeds from the £100 million deal may be channeled towards debt reduction or reinvestment in the global capital market. Moreover, the acquisition by Next15 signals an expansion of their fire in terms of market presence and services offered, particularly in the U.K. business sector.
