 |
| Jim Weiss |
New Mountain Capital, New York private equity firm with $20B assets, is investing in W2O Group as CEO Jim Weiss plots the next phase of growth for the San Francisco-based healthcare PR firm.
Launched in 1999 by Jim Klinsky, co-founder of Goldman Sachs’ leveraged buyout group and general partner of Forstmann Little, New Mountain replaces Denver’s Mountaingate Capital, which is exiting as a W2O investor.
In 2016, W20 partnered with Mountaingate to bankroll its strategic plan, which included the acquisitions of Pure Communications, Marketeching and Sentient. The firm more than doubled revenues ($200M-plus) and employment (800 people) during that time. “We achieved in three years what we planned to do in five, so we were looking for a new partner that could help us maintain our momentum,” said Weiss.
He expects the New Mountain investment will accelerate growth of W2O’s digital/analytics offerings and expansion in US and overseas markets.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
