Three years after Brian Tyson and partners staged a mass walk out at Kreab Gavin Anderson after a failed attempt at a management buyout to start competitor Newgate Communications (PR advisers to Ardent Leisure), KGA has entered voluntary administration. The first meeting of its creditors is set for Friday at the Sydney office of corporate undertaker PKF.
Besides a whopping win advising the French defence giant DCNS on its successful bid to build the Royal Australian Navy’s new fleet of submarines, KGA’s local market presence has been scarce in recent times. There have been rumours of another attempted MBO (KGA is owned by US media giant Omnicom and a Swedish family company). If true, they’ve gone nowhere.
The firm will conti…
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