WPP Majority-Subsidiary Finsbury Glover Hering Merges with SVC to Create Global Strategic Communications Leader
December 1, 2021
WPP’s majority-owned subsidiary Finsbury Glover Hering Corporation and Sard Verbinnen & Co. (SVC) agreed to merge to create a global strategic communications firm with approximately 1,000 professionals across 25 offices. The transaction was completed following the October 13, 2021 announcement, with WPP remaining the majority investor and Golden Gate Capital converting its equity in SVC to remain an investor in the combined firm.
- Buyers
- WPP, Finsbury Glover Hering Corporation
- Targets
- Sard Verbinnen & Co. (SVC)
- Sellers
- Golden Gate Capital, SVC employee shareholders (SVC Managers)
- Industry
- Professional Services
- Location
- New York, United States
- Transaction Type
- Buyout
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