Global alternative investment firm Investcorp is to invest $100 million to acquire a majority stake in SEC Newgate, a global strategic communications and advocacy group, in a deal that values the business at over $250 million.
SEC Newgate’s other shareholders will roll over 100% of their equity investment as part of the transaction, which is subject to customary regulatory and other closing conditions.
SEC Newgate is an insights and research-driven global communications and advocacy group, headquartered in Milan, Italy. The SEC Newgate team, of around 1,200 employees, operates through 50 offices located in 22 countries around the world and advises more than 1,500 companies.
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Investcorp’s investment will help SEC Newgate accelerate its development strategy, with a focus on expansion in EMEA and the APAC region through both organic growth and M&A. Since its delisting from the London Stock Exchange in March 2022, SEC Newgate has grown rapidly and expanded in the US and Central and South America through transformational acquisitions. As part of this transaction, Nicola Ferraris, Investcorp Managing Director, will join the Board of SEC Newgate.
The transaction is expected to close between the third and fourth quarter of 2023.
Source: Private Equity Wire
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