KKR has agreed to acquire a 30% stake in communications consultancy FGS Global, in a deal that values the company at $1.425 billion.
FGS Global, which advises clients like CVS Health, the National Football League and Apple, offers strategic and financial communications counsel, government affairs, corporate positioning and creative services.
The firm is backed by WPP, a UK-based advertising and communications holding company with stakes in BCW, Ogilvy and Hill + Knowlton.WPP will keep a majority stake, KKR takes a minority position and Golden Gate Capital will exit. Substantial shares will remain with FGS and the firm plans to expand its employee ownership to include nearly half of its staff worldwide.Our mission to help leaders lead in an increasingly complex stakeholder environment is timelier than ever.
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