Broker Profile, the specialist investor relations consultancy, has been bought by newly established Capital Access Group in a £4m+ deal structured by international communications holding firm Porta Communications.

The acquisition sees Porta Communications take a 29.5% stake in Capital Access, as part of a non-cash deal whereby Capital Access will be provided with office space for the next three years and a debt guarantee, effectively aiding the transaction funding.

Capital Access was incorporated two weeks ago by Kevin Feigen and Richard Lapwood, previously the respective managing director and head of research at brokers Seymour Pierce. Commenting on the deal, Feigen, who will take up the role of CEO, said, “We have admired Broker Profile for some time. It has established an excellent position in the market place and has built a first class reputation. We intend to build upon what Broker Profile has achieved already and increase the scale of the company and the quality of the advice that it gives to its clients.”

The part-ownership of Capital Access sees Porta Communications, run by former Citigate and Incepta Group CEO, David Wright, add to the portfolio of companies it houses in London’s Sky Light Towers, with Newgate Communications, Publicasity, Redleaf and PPS, among others, already sharing facilities there.