WPP in $1.7 Billion Sale of FGS Global

Cleary Gottlieb is advising WPP plc (WPP) on antitrust aspects of the sale of its entire majority stake in FGS Global at an enterprise value of $1.7 billion.

WPP has entered into an agreement to sell its majority stake in FGS Global to Kite Bidco Inc., an entity controlled by investment funds managed or advised by Kohlberg Kravis Roberts & Co. L.P. (KKR).

The transaction was announced on August 7, 2024, and is expected to close before the end of 2024, subject to regulatory approvals and other customary closing conditions.

WPP is a world leader in communications, experience, commerce, and technology.

For more information, please see the press release here.