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MBO & Co, a French private equity firm, has sold its 30 percent stake in LLYC to the firm’s partners.
MBO & Co came on as an LLYC shareholder in 2015. Since that time, the agency has combined organic development with high value-added acquisitions, which it says have consolidated its leading position in the Spanish and Portuguese-speaking market.
In this period, LLYC has acquired Impossible Tellers (Spain, 2015), S/A Comunicaçao (Brazil, 2015), EDF (USA, 2015), Arenalia (Spain, 2018), Diplolicy (Spain, 2020) and Factor C (Chile, 2020). With an average growth rate of 18 percent, its revenues went from €20.7 million ($25 million) in 2014 to €44.3 million ($53.5 million) in 2020.
"We are very satisfied with the partnership we entered into with LLYC five years ago, and we now leave having met our investment objectives,” said MBO & Co. Richard Broche.
LLYC founder and chairman José Antonio Llorente called MBO & Co “the ideal travelling companion at a time of disruption for the sector and for our clients.”
LLYC has 16 offices across the Americas, Spain and Portugal, as well as offering its services through affiliates in several Latin American markets.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
