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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
