News

The Conscience Organisation returns to management ownership as STW sells out

Screen Shot 2015-12-04 at 9.31.58 AMEight years after STW Group took a 40 per cent stake in The Conscience Organisation, founder and CEO Clive Burcham has bought back the business, returning it to private hands.

The move is part of STW’s plans to reduce the number of businesses under its umbrella from the current number of more than 70.

Burcham said that the buy-back released the company from the constraints of working with a listed entity.

“I suppose I have a reputation for being an accelerator and quite a free spirit. The buy back offers more freedom to invest in our people, in training and in future opportunities,” said Burcham.

He praised STW for its support for the business over the past eight years and said he would continue to work with people in the company.

“Mike Connaghan has always been great to deal with, honourable, hat tip to him on how he’s managed 80 businesses. The strategy of divesting the business makes complete sense.”

TCO was founded in 2001 with Coca-Cola as its foundation client and went on to work with a range of major brands including Nestle, Westpac and Contiki.

“As with most businesses these days, campaign work is one part of the equation,” Burcham continued.

“There is plenty of work in developing new business models, innovation, NPD and the process of creative iteration.”

STW is still to make a statement on the sell off.

Simon Canning

ADVERTISEMENT

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing