Private-equity group KKR is nearing a deal to buy a large stake in FGS Global that will value the financial communications company at about $1.4 billion, the Financial Times reported on Thursday.
The deal could be announced as soon as next week, the FT report said, marking the latest significant investment by buyout groups into the niche sector of communications.KKR is expected to acquire more than 30% of FGS from a combination of senior employees at FGS and WPP, the report said, adding that the British group is expected to retain a majority in the business.
FGS and WPP did not immediately respond to a Reuters request for comment, while KKR declined to comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lufthansa to sell rest of LSG Group to private equity firm AureliusDeutsche Lufthansa said on Wednesday that it would sell the remaining part of airline caterer LSG Group to private equity firm Aurelius, three years after it first put the business up for sale.
Read more »
Streets Department halts trash collection partnership with private companyAfter a Union grievance was filled, the collaboration between the city and Glitter is placed on hold.
Read more »
Kourtney Kardashian and Travis Barker Share Private Wedding FootageKourtney Kardashian and Travis Barker are sharing personal archive footage of their wedding.
Read more »
Amsterdam Schiphol Airport proposes a ban on private jets | CNNThe notoriously busy airport has suggested a series of measures to reduce its air traffic and create a 'quieter, cleaner and better' system, according to a Schiphol airport statement.
Read more »
Netanyahu's 'private army' will be used to crush opposition, critics fearMinisters have approved a new militia that may report directly to ultranationalist National Security Minister Itamar Ben-Gvir.
Read more »