Llorente & Cuenca, a communications and public affairs consultancy, completed the acquisition of a 30% stake in Llorente & Cuenca to partners, from MBO & Co, a France-based private equity firm. Financial terms were not disclosed. “We are very satisfied with the partnership we entered into with LLYC five years ago and we now leave having met our investment objectives. In this time, LLYC has successfully completed an ambitious growth plan that has established it as a comprehensive provider in the communications and public affairs consulting sector, with specialist teams in multiple areas, as well as technological capabilities and geographic leadership in Iberia and the Americas, a region that represents 52% of the business. We wish LLYC the best in the new phase they are embarking on.” Richard Broche, MBO & Co Partner.