Acquisitions will be a core part of proxy solicitations firm Morrow Sodali’s global expansion plans under new owners TPG Growth, according to Asia Pacific chief Christian Sealey.

Mr Sealey was speaking after closing the $50 million acquisition of local public relations group Citadel Magnus, a deal that the AFR’s Rear Window column reported will deliver its largest shareholder Peter Brookes, who owns 27 per cent of the 26-person firm, close to $13.5 million in cash and shares, and partner Brett Clegg, who owns 25 per cent, just a little less.