 |
SEC Newgate, the Milan-based shop with 850 staffers in 43 offices in Europe, Asia, Australia and South America, has taken an investment stake in New York-based Global Strategy Group.
GSG, a Democratic polling and public affairs shop with more than 150 employees, will serve as SEC Newgate’s US flagship.
Fiorenzo Tagliabue, SEC Newgate’s group chief executive, said a platform in the world’s biggest communications market “will provide increased reach and benefits for our clients.”
Jon Silvan, GSG co-founder & CEO, said the partnership with SEC Newgate allows his firm to “tap into a highly respected and rapidly growing international consultancy as globalization continues to drive business, policy and politics.”
SEC Newgate delisted its shares on the London Stock Exchange last month, citing low trading volume and an inability to raise funds in the capital markets.
It went private via financing from Three Hills Capital Partners.
Why scalability has increasingly become the deciding variable in PR M&A.
The AI revolution has transformed how public relations agencies work and deliver value to clients. But it’s also changed how buyers value those firms, and understanding AI’s influence on valuation is essential for agency owners planning on selling in the future.
