Exclusive: Advent and Blackstone among bidders for WPP market research arm Kantar - sources [Reuters]
WPP plc American Depositary Shares (WPP)
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Source: Reuters
Exclusive: Advent and Blackstone among bidders for WPP market research arm Kantar - sources | Reuters 3 Min Read LONDON (Reuters) - A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters. The sale, led by Goldman Sachs, may value Kantar at up to 3.5 billion pounds ($4.7 billion), but some private equity investors are fretting over the decline in profits and revenues that the business has suffered in recent years. Hellman & Friedman and CVC Capital Partners are also working on the deal, the sources said, while industry players have so far shied away from the process. Bain Capital has also expressed interest in making a bid for Kantar, another source said, adding Bain might later decide to team up with one of the other buyout funds in the race. WPP sent out confidential information packs this week, with non-bindin
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WPP
Sec Filings
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- 3/21/24 - Form 6-K
- WPP's page on the SEC website