M&A Deal Summary

Hogarth Worldwide Acquires Prodigi

On March 22, 2016, Hogarth Worldwide acquired marketing company Prodigi from Smile Group and WPP

Acquisition Highlights
  • This is Hogarth Worldwide’s 1st transaction in the Marketing sector.
  • This is Hogarth Worldwide’s 1st transaction in India.

M&A Deal Summary

Date 2016-03-22
Target Prodigi
Sector Marketing
Buyer(s) Hogarth Worldwide
Sellers(s) Smile Group
WPP
Deal Type Divestiture

Target

Prodigi

Gurgaon, India
Prodigi is an interactive marketing agency. Prodigi provides internet through integration of creative and technology into effective multi-screen digital destinations.

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Buyer(S) 1

Buyer

Hogarth Worldwide

London, United Kingdom

Category Company
Founded 2008
Sector Marketing
DESCRIPTION

Hogarth Worldwide Ltd. is a market implementation agency. Hogarth’s advertising production technology infrastructure presents huge opportunities for Indian brand marketers to gain swifter access to the agency’s unique offerings spanning advertising production across all media, propriety technology solutions, transcreation and language services.


DEAL STATS #
Overall 1 of 1
Sector: Marketing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 2

SELLER

Smile Group

Gurgaon, India

Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Smile Group is an internet group, focused on the digital industry with extensive holdings in the consumer internet and media space.


DEAL STATS #
Overall 1 of 2
Sector: Marketing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: India M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Prodigi

Gurgaon, India

Prodigi is an interactive marketing agency. Prodigi provides internet through integration of creative and technology into effective multi-screen digital destinations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 SVG Media Pvt.

Gurgaon, India

SVG Media Pvt. Ltd. is one of the largest independent digital agencies in India. SVG Media includes the flagship brands DGM, Komli and Seventynine. Founded in 2006, SVG Media comprises of over 280 specialists across four major Indian cities Gurgaon, Mumbai, Chennai and Bangalore. It offers diverse digital media competencies including online performance marketing, mobile app distribution, representations, social and web services through its flagship brands. The group has one of the largest client bases in the Indian digital media sector with over 700 monthly active advertiser campaigns locally, as well as international clients in Dubai, Indonesia and China.

Sell -
SELLER

WPP

London, United Kingdom

Category Company
Founded 1985
Sector Marketing
Employees108,044
Revenue 14.7B GBP (2024)
DESCRIPTION

WPP is a marketing communications services provider that offers a comprehensive range of advertising and marketing services including advertising & media investment management; data investment management; public relations & public affairs; branding & identity; healthcare communications; direct, digital, promotion & relationship marketing and specialist communications. WPP was founded in 1985 and is based in London, England.


DEAL STATS #
Overall 2 of 6
Sector: Marketing M&A 2 of 3
Type: Divestiture M&A Deals 2 of 5
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 The Lathe

New York, New York, United States

The Lathe LLC is a mobile app developer and digital design company specializing in health care in the US. The Lathe’s unaudited revenues were approximately US$4 million as of December 31, 2015. Clients include Bayer, Health Brand Group, Roche and other health care and pharmaceutical companies. The Lathe employs 20 people and is based in New York. It was founded in 2003.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 CMI Media

king of Prussia, Pennsylvania, United States

CMI Media LLC is a provider of media investment management and non-sales force promotional strategy, planning, customer insights and data solutions to the healthcare and life sciences industries.

Buy -