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| Andy Polansky |
Interpublic reported a 22.5 percent jump in revenues to $2.3B.
Net organic growth was up 19.8 percent overall, with the US division recording a 17.4 percent increase. Internationally, net revenues were up 24.4 percent.
First-half net revenues hit $4.3B, up 12.3 percent from the $3.83B recorded in Q1 2020.
At IPG DXTRA, the company’s global collective of 27 marketing specialty brands, organic growth for the second quarter was 15.1 percent.
Andy Polansky, who is IPG DXTRA’s CEO., said that all firms across the PR component of the division (which includes Weber Shandwick, Golin, Rogers & Cowan PMK and Current Global) had “a strong quarter.”
Polansky noted particular strength in the food & beverage, automotive, healthcare and government sectors. In addition, he said that both North America and the EMEA region did very well in Q2.
IPG CEO Philippe Krakowsky said the Q2 performance represents "a remarkable rebound from the impact of the pandemic on our business, demonstrating the resilience of our people, as well as their commitment to each other, our clients, and our craft.”
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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