WPP-owned financial PR heavyweights Finsbury and Hering Schuppener have forged an partnership and dropped out of previous alliances as they unite under a common brand.
Finsbury, with its London and New York prowess, and Herin Schuppener, strong in Frankfurt and Brussels, will offer their combined 14 offices and 350 staffers under the alliance. The firms said the alliance will give clients greater cross-market access, along with an integrated digital offering.
Hering Schuppener is severing ties with the AMO Network, while Finsbury drops out of the Europe-focused Fibra alliance.
The firms said they've adopted a common brand identity while retaining their names and ownership. Finsbury chairman Roland Rudd said the firms have worked side-by-side over the years and share a common philosophy as advisers.
WPP said the firms advised nearly 1,500 deals worth more than $2 trillion over the past 10 years.
Ralf Hering helms Hering Schuppener.
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.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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