Lodestar Events, an agency with offices in Chiswick and Buckinghamshire, has announced it is backing Kumarakuru Kumar with a management buyout of international events agency TFI, which is based in Victoria, London.
Lodestar will be taking a significant shareholding in TFI and Phil Watton will be taking an active role in the management of the agency.
He tells CN: “Lodestar has a longstanding relationship with TFI and when the opportunity arose to strengthen those ties and capitalise on the synergies between the two companies we were delighted to invest.
“We believe this move creates huge potential for the development of both agencies whose client base, skill sets and sector expertise are an ideal, complimentary fit.”
TFI Group was founded in 1981, growing out of Peter Franks’ Travel For Industry company.