Dentsu Aegis Network is set to Acquire Happy Creative Services
Dated: October 10, 2016
Dentsu Aegis Network has announced that they have a signed a definitive agreement to acquire creative marketing agency, Happy Creative Services in India, which will join the global mcgarrybowen network of agencies and rebranded as Happy mcgarrybowen. The acquisition is said to strengthen Dentsu Aegis creative offering in the market, marks the first mcgarrybowen agency in India and expand its footprint in Asia- with other offices in Singapore, Hong Kong and China.
Established in 2007, Happy is an award-winning boutique creative marketing agency located in India. Regarded as one of the most promising independent creative outfits in India, Happy boasts a staff of 100 across three disciplines – Brand Design, Integrated Brand Communication and Digital, building and rejuvenating brands through media agnostic ideas, customised to deliver on key business and brand metrics.
Ashish Bhasin, Chairman and CEO of Dentsu Aegis Network South Asia said “Happy has carved out a very strong digital and creative reputation in the Indian market. Founders Kartik Iyer and Praveen Das – who are among Fortune India’s 40 Under 40, are prominent and well-respected figures in the industry, and this acquisition will add creative bench strength to the wider team. This will enable us to launch mcgarrybowen in India and we will be another step closer to our mission of being the second largest agency group by the end of 2017 in India, overturning for the first time the existing ranking which has historically been in place for over 80 years in the market.”
Kartik Iyer, co-founder and CEO, and Praveen Das, co-founder and MD of Happy said: “It has taken us a good nine years to come this far in terms of talent, business and reputation. There comes a time in every business to take a big leap to propel it to the next level and being a part of Dentsu Aegis and mcgarrybowen supports this growth ambition and provides us with the right platform. We are presently working with a number of marquee clients that require the support of a global network and we have always been clear that Happy should to equip itself to compete with the biggest players on the largest stage. In mcgarrybowen we found a true match in philosophy and belief and being a part of their vision makes us truly proud.”
The deal is expected to close in the next few weeks. Joining the Dentsu Aegis leadership team in India is Happy’s co-founder and CEO Kartik Iyer, and co-founder and MD Praveen Das, who will both report to Ashish Bhasin, Chairman and CEO of Dentsu Aegis Network South Asia.