Morrow Sodali acquires Australia’s Citadel-MAGNUS

KUALA LUMPUR, Nov 7 (Bernama) -- Morrow Sodali, the world’s leading shareholder engagement and governance advisory firm has acquired Australian financial communications and investor relations agency, Citadel-MAGNUS.

It is the first acquisition since TPG Growth secured a majority stake in April this year.

The Australian-based acquisition represents a significant expansion of Morrow Sodali’s service offering in Asia-Pacific to meet the rapidly growing global demand from corporations for strategic communications and investor engagement services.

According to a statement, Morrow Sodali chief executive officer Alvise Recchi said as part of its strategic global growth strategy, the addition of Citadel-MAGNUS will expand its service offerings to encompass a broader suite of board, C-suite and environmental, social, and governance advisory, investor relations and financial communications services.

Citadel-MAGNUS will be fully integrated into Morrow Sodali, enabling the firm to provide a seamless offering and the most comprehensive suite of investor relations and communications solutions to listed and private entities with the intention of rolling out the expanded services to other markets.

The acquisition marks a significant step forward in Morrow Sodali’s strategy to accelerate its growth by investing in services that create value for its clients worldwide.

Morrow Sodali is celebrating its 50th anniversary in 2022. It also secured a majority investment from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG.

-- BERNAMA