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KKR private equity firm is closing in on a deal to purchase WPP’s 50.5 percent stake in FGS Global for about $800M.
The transaction values the financial communications shop at $1.6B, according to the Financial Times.
It will bolster KKR’s stake in FGS from 30 percent to 80 percent. The PR firm’s management and partners will hold the remaining shares.
The transaction is expected to bolster WPP’s lagging stock price, and enable CEO Mark Read to focus on his plan to position as a tech-focused creative transformation enterprise.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
