MMGY Global has drawn "significant" private equity investment from Peninsula Capital Partners and Fine Equity Partners.
Kansas City-based MMGY said the infusion will support an "aggressive acquisition strategy" and international expansion for the travel-savvy firm.
CEO Clayton Reid said the deal "opens up an entirely new set of opporunities" for the firm while partners can reap the financial benefits of "decades of hard work" and remain invested in the firm's future.
The deal keeps management in place at the firm, which said it expects to double its $150M operations by 2020.
The firm has about 20 staffers in PR and about 200 overall across its marketing communications operations.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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