M&C Saatchi plc (AIM:SAA) acquired 60% interest in Merlin Elite Ltd. from Richard Thompson on January 24, 2013. Post acquisition, Merlin Elite will be renamed as M&C Saatchi Merlin and will be merged into M&C Saatchi's existing sport and entertainment group. As on August 31, 2012, Merlin Elite had net assets of £0.35 million. Richard Thompson will become chairman of the talent agency division. Ben Gisbey, Mark Krais and Robin Davis of Bray & Krais acted as legal advisor to Richard Thompson. Julian Pitcher of Olswang acted as legal advisor and Kingston Smith as financial advisor to M&C Saatchi. Devonshire Corporate Finance Limited acted as the financial advisor (Reporting accountant) to M&C Saatchi plc.

M&C Saatchi plc (AIM:SAA) completed the acquisition of 60% interest in Merlin Elite Ltd. from Richard Thompson on January 24, 2013.