Marketing consultancy Jaywing said it had exchanged contracts to sell its contact centre business HSM to interests backed by private equity firm Aquiline Capital Partners for £500k.

Jaywing said it had also entered into a three-year services agreement with the buyer worth a minimum of £360k.

Services to be provided ranged from branding through to digital transformation.

The sale was expected to finalised within 30 working days.

At 1:54pm: (LON:JWNG) Jaywing Plc share price was +1p at 19.5p