Domestique – the corporate communications firm founded and run by Lauren Thompson, Jim Kelly and Ross Thornton – is in the crosshairs of private equity-backed shareholder engagement and governance advisory firm Morrow Sodali.
It is understood Domestique and Morrow Sodali are working through the final details of a sale agreement and are yet to agree terms. However, both sides were said to be hopeful of signing a deal before the end of August. While a sale price is unclear, Morrow Sodali paid around $50 million for rival firm Citadel-Magnus in November 2022.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
