Blogs

The recent election of Recep Tayyip Erdogan to the office of President of Turkey was the result of a 52% majority in the first round of elections. His victory was welcomed by major actors in the business sector and one of the key reasons was that the business world does not like surprises. Will Mr. Erdogan’s election fuel or hinder the economy? This is difficult to predict for a number of reasons:

Blue Focus is listed on China's stock exchange and with a market capitalisation of USD3.8 billion is the largest business in its category. It has put aside USD300 million to finance acquisitions in Europe and US and recently completed a deal buying a 19.8% stake in the AIM listed PR group Huntsworth which followed another UK acquisition of We Are Social a few months earlier. The CEO stated that he is looking for opportunities in Germany, France and Russia in addition to the UK.

When you buy a business you want to take control and drive synergies as soon as possible. Interim managers can at short notice provide the expertise you need; for the period you need it without distracting existing permanent staff from their roles. Experienced interim managers have a focused "project" mentality; work hard to fit-in with permanent staff but avoid politics and normally report to senior directors. Depending on the nature of the underlying transaction their costs maybe treated as transaction costs rather than impact P & Ls.