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LONDON - Next 15 Group plc (AIM:NFG) has agreed to sell its majority ownership in US-based capital markets advisory businesses The Blueshirt Group LLC and Blueshirt Capital Advisors LLC (BCA) to the founders and senior management teams of those businesses, according to a press release statement issued Tuesday.
The tech and data driven growth consultancy will retain a minority stake in both businesses following the transaction. Next 15 has also been granted put options that will enable it to sell its remaining interest to Blueshirt management in the future.
The divestment aligns with Next 15’s strategy to prioritize areas where it can leverage its capabilities for long-term value creation. The company indicated the move reflects its ongoing efforts to simplify its portfolio and allocate capital toward core growth segments.
"The divestment of The Blueshirt Group and BCA demonstrate our disciplined approach to portfolio management," said Sam Knights, CEO of Next 15. "We continue to focus the Group on the businesses that best fit within a portfolio geared towards technology, data and activation."
Knights added that the company believes this is a positive outcome for all parties involved, enabling Blueshirt to maintain its founder-led approach while reflecting progress in executing Next 15’s strategy to build a simpler, more focused organization.
The financial terms of the transaction were not disclosed in the announcement.
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