Interpublic Group has agreed to sell a majority of its shareholding in 303 MullenLowe Australia, and a minority share of Mediahub Worldwide Asia-Pacific, to local management holding company Attivo Group Holdings Pty Limited.
The move comes on the heels of the announcement that MullenLowe had sold their Japanese business to local investors and is consistent with the group’s strategy to empower local partners, who are incentivized to deliver market, team, and individual skill sets based on market experience.
The deal will double the size of Attivo’s business and give the holding company a presence in Australia for the first time, with both the 303 MullenLowe and Mediahub offices housed together in Sydney and Perth.
Attivo owns a number of other communication and marketing brands including Harvey Cameron in Christchurch, Farrimond in Auckland, plus TV and video production agency Gorilla.
Cam Murchison, who has previously been an executive with Ogilvy NZ and DDB in Asia, heads up Attivo which was launched in 2020.
“We’ve been looking to make an investment in Australia for the past three years, but knew it needed to be the right investment. We truly believe we’ve found that in 303 MullenLowe and Mediahub. Like us, they have genuinely integrated marketing solutions and a single-minded focus on clients,” said Murchison.
“So, in those respects, we already speak the same language. I’ve also been incredibly impressed with 303 MullenLowe’s strategic and creative strength. They punch well above their weight, which is a real credit to the team.”
Mediahub Worldwide Asia-Pacific will continue to be operated independently under the leadership of Andrew Livingston, APAC Managing Director, reporting to Ross Jenkins, Executive Director, Mediahub EMEA, and APAC.
It is expected that 303 MullenLowe and Mediahub will retain their current branding in Perth and Sydney, and tap into the resources of the Attivo group, which has capabilities in Production, Shopper, PR, and Digital Marketing, Web Design in Auckland and Christchurch New Zealand.
“This Australasian group will have strong local knowledge coupled with access to international standards, tools, and methodologies. We are very pleased to have developed the relationship with MullenLowe Group and IPG at this time of change in Australasian marketing services,” added Murchison.
“What we want to achieve is very simple – we will continue the legacy of these great brands, but through a lens of local ANZ ownership we will invest in the offices, expand services, identify opportunities for collaboration while incentivizing the team to achieve their potential and a continuous cycle of growth, on both sides of the Tasman.