KKR to acquire a majority stake in FGS Global from WPP for $775m.

KKR, a global investment firm, agreed to acquire a majority stake in FGS Global, a strategic communications and public relations firm, from WPP, a British multinational advertising and public relations company, for $775m. “Our investment in FGS reflects our strong commitment to strategic partnerships, where we provide long-term capital and global resources to entrepreneurial teams and world-class businesses. We strongly believe in FGS’s strategy and leadership and have been pleased with our partnership since our minority investment in July 2023. In today's increasingly complex stakeholder ecosystems, the value of FGS’s insight, advice and execution is increasingly essential for organizations to navigate uncertainty and achieve their goals. We look forward to continuing our collaboration and helping FGS realize their vision as a global category leader,” Philipp Freise, KKR Partner and Co-Head of European Private Equity.