Leading $578 Billion Private Equity Firm KKR Bid to Buy PR & Communications Agency FGS Global Rejected by WPP with 55% Shareholding, KKR Invested in FGS Global for 30% Shareholding in 2023 at $1.425 Billion Valuation, FGS Global Created in 2021 with Merger of Finsbury Glover Hering (FGH) & Sard Verbinnen, Finsbury Glover Hering is the Merger of 3 WPP Entities Finsbury, The Glover Park Group and Hering Schuppener
27th June 2024 | Hong Kong
Leading $578 billion private equity firm KKR bid to buy PR (Public Relations) & communications agency FGS Global has been rejected by WPP (PR & Advertising Group, 55% shareholding). In 2023, KKR had invested in FGS Global for 30% shareholding at $1.425 billion valuation. FGS Global was created in 2021 with the merger of Finsbury Glover Hering (FGH) & Sard Verbinnen. Finsbury Glover Hering is the merger of 3 WPP entities Finsbury, The Glover Park Group, and Hering Schuppener.
“ Leading $578 Billion Private Equity Firm KKR Bid to Buy PR & Communications Agency FGS Global Rejected by WPP with 55% Shareholding, KKR Invested in FGS Global for 30% Shareholding in 2023 at $1.425 Billion Valuation, FGS Global Created in 2021 with Merger of Finsbury Glover Hering (FGH) & Sard Verbinnen, Finsbury Glover Hering is the Merger of 3 WPP Entities Finsbury, The Glover Park Group and Hering Schuppener “
FGS Global has its roots in four venerable firms across the world of strategic communications: Finsbury, Hering Schuppener, The Glover Park Group and Sard Verbinnen & Co.
- Finsbury was founded in 1994 by Roland Rudd to fill a gap in the market for superior financial communications counsel in the UK. Over the following two decades, the firm expanded from a single office in London to twelve offices across the UK, Europe, the United States, the Middle East and Asia. The firm was acquired by WPP in 2001 and its US expansion was accelerated in 2013 when it merged with Robinson Lerer Montgomery, a titan in the world of crisis communications.
- Hering Schuppener began its success story as a strategic communications consultancy in Düsseldorf. In the years that followed, the team grew rapidly under the leadership of founder Ralf Hering and became an undisputed leader in the German market, focusing on financial and crisis communications as well as public affairs. After his premature death in 2018, his partners carried his legacy into the future, expanding throughout continental Europe with offices in all key financial, tech and political centers.
- Glover Park Group – Founded in 2001 by veterans from the White House, Congress and across the American political scene, The Glover Park Group was formed to combine the urgency and tools of modern campaigns with the rigor of corporate strategy. Over nearly 20 years, GPG grew to pioneer the integrated use of strategic communications, government affairs, policy counsel, creative services, research and insights on behalf of the world’s leading corporations, NGOs, trade associations and industry coalitions. In 2016, Finsbury and Hering Schuppener forged a strategic partnership to expand their reach and ability to serve global clients. The Glover Park Group joined this consortium in 2016, increasing the Partnership’s ability to provide strategic government relations counsel in Washington D.C.
- Sard Verbinnen & Co – Beginning with its founding by George Sard and Paul Verbinnen in 1992, SVC provided senior-level strategic communications counsel to its clients, often at their most critical moments. SVC has consistently been ranked as the top global communications advisor on M&A, IPOs and SPACs – including as a leader in the North America and global M&A league tables. Clients also relied on SVC for strategic counsel and crisis communications in the face of shareholder activist campaigns and litigation. In addition to advising on high-stakes situations, SVC delivered ongoing strategic communications and investor relations support across a range of clients and industries around the world.
Leading $578 Billion Private Equity Firm KKR Bid to Buy PR & Communications Agency FGS Global Rejected by WPP with 55% Shareholding, KKR Invested in FGS Global for 30% Shareholding in 2023 at $1.425 Billion Valuation, FGS Global Created in 2021 with Merger of Finsbury Glover Hering (FGH) & Sard Verbinnen, Finsbury Glover Hering is the Merger of 3 WPP Entities Finsbury, The Glover Park Group and Hering Schuppener
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