M&A Deal Summary

WPP Acquires AKQA Holdings

On June 20, 2012, WPP acquired business services company AKQA Holdings from General Atlantic for 350M USD

Acquisition Highlights
  • This is WPP’s 5th transaction in the Business Services sector.
  • This is WPP’s 5th largest (disclosed) transaction.
  • This is WPP’s 17th transaction in the United States.
  • This is WPP’s 3rd transaction in California.

M&A Deal Summary

Date 2012-06-20
Target AKQA Holdings
Sector Business Services
Buyer(s) WPP
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) Qatalyst Partners (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

AKQA Holdings

San Francisco, California, United States
AKQA provides consulting, customer relationship management, digital product design and e-commerce solutions to the world's leading brands. An independent firm, AKQA employs over 350 people worldwide and has offices in London, San Francisco, New York, Washington DC and Singapore.

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Buyer(S) 1

Buyer

WPP

London, United Kingdom

Category Company
Founded 1985
Sector Marketing
Employees104,000
Revenue 14.8B GBP (2023)
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, the United Kingdom.


DEAL STATS #
Overall 40 of 95
Sector (Business Services) 5 of 7
Type (Add-on Acquisition) 35 of 86
State (California) 3 of 5
Country (United States) 17 of 32
Year (2012) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 The Glover Park Group

Washington, District of Columbia, United States

The Glover Park Group is a strategic communications company. The firm delivers advocacy and image advertising, public affairs services, media relations, issues and crisis management, legislative affairs, research and corporate communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Salmon

Hertfordshire, United Kingdom

Salmon Ltd. is a digital commerce consultancy that defines and delivers market-changing solutions and customer journeys for the world’s leading brands. Part of WPP, we have offices in London, New York, Beijing and Sydney.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 51 of 147
Sector (Business Services) 6 of 17
Type (Add-on Acquisition) 20 of 44
State (California) 7 of 22
Country (United States) 27 of 75
Year (2012) 4 of 6
Size (of disclosed) 23 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 Facebook

Menlo Park, California, United States

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-23 MStar Semiconductor

ChuPei Hsinchu Hsien,, Taiwan

MStar Semiconductor is a global leader in supplying application specific ICs (ASIC) for the consumer and communication product markets.

Sell -