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| John Wren |
Omnicom’s PR unit suffered a 4.9 percent drop in Q1 revenues to $317.5M. It posted 3.5 percent in negative organic growth.
The FleishmanHillard, Portland, Mercury, Cone, Marina Maher Communications, and Ketchum operation generated 9.3 percent of Omnicom’s $3.4B revenues.
Omnicom CEO John Wren blamed the ongoing COVID-19 crisis for the ad/PR giant’s 1.8 percent negative organic growth.
Noting that the effects of the pandemic appear to be moderating in several of Omnicom’s markets, Wren anticipates positive revenue growth beginning in Q2 and for the full year.
Omnicom reported a 10.8 percent boost in Q1 profit to $465.4M on a 0.6 percent rise in revenues.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
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.
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