Karl Brophy's PR firm Red Flag sold in deal worth up to 45m
Briefly

Red Flag Global, a prominent Irish communications firm, has been acquired by New York-based Ankura as the sector consolidates. Founded in 2013 by Karl Brophy and Deirdre Grant, the firm's turnover reached €13.5 million. Brophy plans to reinvest a portion of his expected €33 million gain from the deal. Despite ongoing litigation with Denis O'Brien, Red Flag's acquisition reflects its strategic value. Ankura aims to enhance its global position, leveraging Red Flag’s expertise in communications and campaign management to address complex client needs.
Red Flag Global prides itself on transforming how our clients strategize, communicate, campaign, and influence. We excel in anticipating 'Red Flag moments' that demand action.
The acquisition will further cement Ankura's position as the global leader in driving comprehensive solutions for clients facing increasingly complex business, policy, regulatory, trade, and reputational landscapes.
Read at Irish Independent
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