James McHugh

I'd say somewhere between five and 10.

That's quite a big range, James.

I mean...

What do you call an IPO?

Is that selling a business?

Just the one.

But there's also businesses that you have successfully sold.

Yes.

So you've taken something from nothing and built it to 100 million plus of value.

And you sell that business and you exit.

There are businesses that you sell that you've put two or three million bucks in.

You're going to get a million and a half back.

But you know that's the right thing for the company.

So you sell it on to a better home.

But that's not really selling a business.

or k2 and the uh japanese so the other ones yeah tequila one in the i'll run through it it will actually go over five i think so the tequila one in the uk we were successful with that we built it from 2010 to 2015. um it was about 200 folk in there 20 million was that doing salesforce that was doing the salesforce implementation so we sold that to accenture right in 2015. um

Then we built, there's a business called Publicis Sapient, who's a very good partner of ours over the years.

That's right.

The Publicis side is advertising.

Yeah.