Creative agency Thinkerbell says PwC Australia’s has exited its minority stake in the company.
Financial details haven't been released.
PwC Australia’s August 2017 investment came just three months after Thinkerbell launched as a creative startup.
The strategic investment provided Thinkerbell the opportunity to build a leading agency and drive growth through powerful, creative ideas.
Margie Reid, group CEO and partner of Thinkerbell, said the agency has proven that it can do things a little differently and found success.
"It’s been an incredible journey these last five years and we have loved our time with PwC," she said.
"However, all good things must come to an end and after much deliberation, we’ve mutually decided that it’s best to return PwC Australia’s stake back into Thinkerbell ownership.
"We thank everyone at PwC for their belief and support in Thinkerbell. We value our independence and we are excited about what the future holds.”
Adam Ferrier, chief thinker at Thinkerbell, said Thinkerbell has grown from a few people in a share house to an agency of around 160 people across Melbourne, Sydney and New Zealand.
"It’s time to part ways and explore our next adventure," said Ferrier.
"This is a corporate conscious uncoupling, but to quote the song ‘every new beginning comes from some other new beginning's end'."
Thinkerbell will continue to support PwC Australia as one of its agency partners.
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