Glasgow-based communications agency Frame Group has been acquired by its management team.
The deal, led by joint managing directors Stephen McCranor and Keli Mitchell, will see management acquiring a majority stake, with existing shareholders Charlotte Street Partners remaining as a significant minority shareholder.
Outgoing owners Gary O’Donnell and Angus Walker bought the business from the estate of founder Alan Frame in 2008 and were later joined by finance director Roslynn Mackay.
