- LLYC has sold its 80% stake in BAM for $9 million, fully recovering its initial investment and related costs. The agreement includes an up-front payment of $ 2.5 million and staggered payments through 2030, as well as withdrawal of prior legal actions
- The U.S. remains LLYC's second-largest market, driven by significant revenue generation and consolidated operations that streamline business processes, foster collaboration across teams, and optimize resource allocation. Following the acquisition of Lambert by LLYC, LLYC has expanded its footprint across the East Coast and Midwest, establishing a robust platform for future growth
Under the executed agreement, BAM's founder repurchased 80% of the company's shares previously owned by LLYC for a total price of $9 million. LLYC acquired this majority stake in March 2023, allowing the company to recover its original investment and all associated transaction costs.
Under the agreement's terms, the transaction price will be settled in cash, with an initial payment of $2.5 million already completed, followed by scheduled installment payments, including interest, through December 2030. LLYC has dismissed all legal actions against Rebecca Bamberger and her team as part of the agreement. The parties have further stipulated that the Court will retain jurisdiction to oversee compliance with the terms of the agreement.
This transaction does not impact LLYC's operations in the U.S. nor its growth plans in the region. LLYC has excluded BAM from its consolidated results in the audited financial statements for the first half of 2024 and unified operations under one management structure.
LLYC's Robust Growth Platform in the U.S.
In the first half of 2024, LLYC's U.S. revenues, excluding BAM, totaled $9.4 million, making the U.S. LLYC's second-largest market, driven by significant revenue generation and consolidated operations that streamline business processes, foster collaboration across teams, and optimize resource allocation. Following the acquisition of Lambert by LLYC, LLYC has expanded its footprint across the East Coast and Midwest, establishing a robust platform for future growth.
LLYC recently announced the new U.S. leadership with Jeff Lambert as U.S. Executive Chairman and Mike Houston as CEO. With over 100 professionals and offices in Miami, New York, and Washington, D.C., LLYC leverages its global expertise and local insights to deliver a wide range of products and services based on creativity, influence, and innovation. These efforts are designed to enhance and protect the value of its clients' businesses, turning every day into an opportunity for brand growth.
ABOUT LLYC
LLYC (BME:LLYC) is a global Corporate Affairs and Marketing consulting firm that partners with its clients in creativity, influence, and innovation to enhance and protect the value of their businesses, turning every day into an opportunity to grow their brands.
Founded in 1995, LLYC is present in Argentina, Brazil (São Paulo and Rio de Janeiro), Brussels, Colombia, Chile, Ecuador, Spain (Madrid, Barcelona and Valencia), the United States (Miami, New York, Washington, DC, Grand Rapids, Detroit, St.Louis and Phoenix), Mexico, Panama, Peru, Portugal and the Dominican Republic.
In 2023, LLYC's operating revenues exceeded 83,1 million euros. LLYC is ranked as one of the 40 largest communications companies worldwide, according to PRWeek and PRovoke. LLYC was named the Top Communications Consultant in Europe at the 2022 PRWeek Global Awards and Communications Consultant of the Year in Latin America in 2023 by PRovoke.
Contact for journalists:
Joaquín Vizmanos
T. +34 91 563 77 22
llyc.global
