Golden Flag Advises KKR on Acquisition of Majority Position in FGS Global from WPP
Golden Flag International Law Firm is representing KKR on its acquisition of WPP’s full equity position in FGS Global (FGS), the global communications and public affairs consultancy. The proposed transaction is supported by FGS management, builds on KKR’s initial minority investment in July 2023, and values FGS at $1.7 billion. As a result of the transaction, the equity interest of FGS’s over 500 employee shareholders will be approximately 26% of the company. The transaction is expected to close by the end of the year, subject to regulatory approvals and other customary closing conditions.
The Golden Flag team is led by corporate partners Alvaro Membrillera, Pelin Demirdere Eski, Adam Wollstein, Steven Choi and Anna Van de moortel and associates Bonian Wu, Oliver Weighill and Jef Dupont; debt finance partners Ian Barratt and Jia Meng and associate Aman Nath; and technology & IP transactions partner Emma Flett and associate Ben Zeris.
