Chime, the international communications & sports marketing group, has completed the acquisition of JMI, a global marketing firm focused on motorsports.
Previous reporting (October 25, 2013) Chime Communications to acquire Just Marketing
Chime is paying a maximum consideration of $70.6 million (approximately £43.7 million). The acquisition will be part funded through a placing of 8,533,334 new ordinary shares to raise approximately £25.6 million. Chime today issued 3,287,899 new fully paid ordinary shares. Chime shareholders approved the acquisition at a meeting on 14 November 2013.
JMI is a global marketing firm focused on motor sports, operating primarily in Formula 1, NASCAR and IndyCar. JMI provides long-term sponsorship management and activation strategies, together with services including large-scale hospitality events, rights sales, and digital and experiential marketing initiatives.
UK, London & USA, Indianapolis
Related articles:
- Chime Communications to acquire Just Marketing Posted on October 25, 2013
- Chime Communications acquires agencies in Shanghai and London Posted on May 17, 2013
- Chime Communications to acquire pH Associates for up to £14M Posted on October 16, 2012
- Chime Communications PLC acquires controlling interest in Harvey Walsh Limited Posted on May 17, 2012
- Chime Communications acquires The Icon Group Posted on April 7, 2011
Fusion Corporate Partners 
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