FGS Global in Investment by KKR

Cleary Gottlieb is representing FGS Global (FGS), which announced on April 12, 2023, an agreement with KKR for KKR to make a growth investment in FGS.

Under the terms of the agreement, WPP will remain the majority owner of FGS and FGS employees will remain substantial shareholders. FGS also plans to expand its employee ownership to include nearly half of its staff worldwide. Golden Gate Capital, an FGS shareholder since 2016, will exit its investment through the sale of its interest to KKR.

FGS is a leader in all aspects of strategic advisory and communications, including corporate reputation, crisis management, and government affairs, and is a leading advisor on business-critical financial communications worldwide.

For more information, please see the press release here.