Scangroup Limited entered into an agreement to acquire the remaining stakes in nine companies from Cavendish Square Holding B.V. for $51.9 million on August 12, 2013. Under the terms of the contract, Scangroup will issue 72.72 million shares of its common stock as consideration. The transaction includes the acquisition of the remaining 49% stake in O&M Africa B.V., remaining 49% stake in Ogilvy Africa Limited, remaining 50% stake in Ogilvy Kenya Limited, remaining 49% stake in Ogilvy Mauritius Holdings Limited, remaining 49% stake in Ogilvy Tanzania Limited, remaining 49% stake in Hill + Knowlton Strategies Africa Holdings Limited, remaining 49% stake in Hill & Knowlton East Africa Limited, and remaining minority stake in Millward Brown East Africa Limited and Millward Brown Mauritius Limited. The current Chief Executive Officer, Bharat Thakrar will continue to remain Chief Executive Officer and shareholder of Scangroup Limited. Concurrently, Cavendish Square Holding will subscribe to 21.36 million new shares of Scangroup in exchange for cash.

The deal is subject to regulatory approvals including Scangroup's shareholders, the Capital Markets Authority and Nairobi Securities Exchange in Kenya. As of October 18, 2013, the Board of Scangroup Limited unanimously approved the transaction. Deloitte - Kenya acted as accountant, Standard Investment Bank Limited acted as fairness opinion provider and Daly & Figgis acted as legal advisor for Scangroup Limited.

Scangroup Limited completed the acquisition of the remaining stakes in nine companies from Cavendish Square Holding B.V. on December 19, 2013.