With Its New Private Equity Investment, Brainlabs Wants to Keep Aggressively Expanding

A new investment from private equity firm Falfurrias Capital Partners has propped up independent full-service agency Brainlabs’ valuation to an estimated $320 million. Brainlabs declined to confirm the investment amount. The estimated value is according to sources familiar with the matter who spoke with Adweek anonymously. The agency’s been executing an aggressive expansion strategy, with…

Havas Acquires Majority Stake in Uncommon Creative Studio

French agency network Havas has acquired a majority stake of 51% in U.K. agency Uncommon Creative Studio. The Vivendi-owned business said the move could help the agency, now in its fifth year, reach a value of over $150 million dollars before 2030. Uncommon founders Natalie Graeme, Lucy Jameson and Nils Leonard will retain a material…

Inside Serviceplan Group’s US Expansion Plans With Pereira O’Dell and L&C

Serviceplan Group, Europe’s largest independent agency network, is bulking up its U.S offering by naming Pereira O’Dell (POD) founders Andrew O’Dell and PJ Pereira leaders of the newly-minted Serviceplan Americas. As part of its U.S. expansion, Serviceplan also acquired a minority stake in up-and-coming creative agency L&C. O’Dell will become CEO of Serviceplan America, and…

New Role for Jellyfish Founder Rob Pierre as The BrandTech Group M&A Deal Finalized

Digital media and marketing group Jellyfish has been wholly acquired by The Brandtech Group, driving their combined revenue to more than $1 billion. Jellyfish, which was co-founded in 2005 by chief executive Rob Pierre, currently operates across 38 offices and employs more than 2,000 people. It has worked with clients such as Google, Uber and…

Amid Leadership Upheaval, DDB NY Is Merging With adam&eveNYC

One of the most storied New York ad agencies is making a big move and changing its name: DDB New York is merging with adam&eveNYC to form a new creative agency called adam&eveDDB. In addition, the agency will move its offices to a new space in the West Village in Manhattan and has hired Digitas…

WPP Scales Influencer Marketing Offer With the Acquisition of The Goat Agency

With global influencer marketing spend set to hit $22.2 billion by 2025, according to Statista, WPP is tapping into the burgeoning market with the acquisition of The Goat Agency, one of the most promising agencies in the space. The agency, which offers data-lend influencer marketing campaigns, was founded in 2015 by chief executive (CEO) Arron…

The Red Flags to Watch for When Buying a Fast-Growing Agency 

There are some marcom agencies where growth in their early years is nothing short of spectacular. Often–though certainly not exclusively–they’ll be in emerging, ultrafast-growth disciplines. This was once the case for “social” or even “digital” back in the day; now, it’s more likely to apply to areas such as influencer or the metaverse. For buyers…

EssenceMediacom Officially Launches After a 9-Month Wait

It’s been nine months since WPP announced more consolidation inside GroupM, with its largest and perhaps best-known agency, MediaCom, merging with the digital performance marketing agency Essence. Today, that merger is finally complete, and EssenceMediacom is in business. The agency’s U.S. CEO, Jill Kelly, has coined Jan. 31 the agency’s Founder’s Day, she told Adweek….

When McKinney Sought to Buy an Influencer Agency, Here’s How It Landed on August United

Creative and media agency McKinney has acquired August United, an influencer marketing agency previously owned by Audacious Studios. The move gives McKinney, which is part of the Cheil Worldwide network of agencies, a presence in Phoenix Ariz., where August United is headquartered, as well as a firm foothold in the growing micro and mid-tier influencer…

Morning Brew Acquires Short-Form Video Firm Our Future

Business publisher Morning Brew announced its acquisition of audio and video startup Our Future, which produces short-form business content on platforms, as part of the publisher’s bid to broaden its appeal to younger, business-focused audiences. The financial details of the deal were not shared. The Axel Springer-owned publisher plans to expand Our Future’s short-form video…

Discord Adds Gas to Its Tank

Discord acquired Gas, a teen-focused, poll-based social media application that enables friends to share compliments with each other. Terms were not disclosed. Gas will continue as a standalone app, and its team will join Discord to help the messaging platform continue to grow across its core audience, as well as attract new audiences. Discord wrote…

The Arena Group Acquires Fexy Studios, Expanding Its Video Footprint

The sports, finance and lifestyle publisher The Arena Group, which houses editorial titles including Sports Illustrated, The Street and Parade, has acquired Fexy Studios, a digital video and content production studio with a focus on food media, in a stock-and-cash transaction. With the deal, the publisher will meet rising demand from marketers for premium video…

Consultancy Capgemini Acquires Creative Agency 23red

One of London’s longest-running independent creative agencies 23red, which works with charities and governments to drive behavior shifts in audiences, has been acquired by consultancy Capgemini. The financial terms were not disclosed. The agency, which was founded in 2000 to focus on third-sector clients by chief executive Jane Asscher and executive creative director Sean Kinmont,…

Azerion Acquires International Digital Ad Business Hybrid Theory

Digital entertainment and media advertising platform Azerion continues its merger and acquisitions activity with the purchase of programmatic agency and trading desk Hybrid Theory, expanding its footprint across the U.S. and broader APAC market. The financial terms of the deal have not been disclosed. Hybrid Theory, run by chief executive Patrick Johnson, has worked with…

‘The Bird Is Freed,’ but Will Advertisers Stay?

It’s only been a few days since Elon Musk declared that “the bird is freed” upon closing on his acquisition of Twitter–and already he has started to change the company from the inside out. From pending layoffs of a quarter of the staff to the leak that the company is planning to charge $19.99 for…

Can Official ‘Chief Twit’ Elon Musk Juggle Free Speech and Advertiser Concerns?

No one expected Elon Musk’s acquisition of Twitter for $44 billion, or $54.20 per share, to go smoothly after the deal was called off, the courts became involved, the transaction was rekindled and a poop emoji was thrown. And Musk certainly did not disappoint late Thursday. The self-proclaimed chief twit punctuated his busy day with…

Twitter Employees Fire Back at Report That Elon Musk Will Lay Off 75% of Workforce

Twitter employees reacted to a report late last week by Elizabeth Dwoskin, Faiz Siddiqui, Gerrit De Vynck and Jeremy B. Merrill in The Washington Post that Elon Musk shared plans with potential investors in his $44 billion deal to acquire the company to slash nearly three-quarters of its workforce. The Delaware Court of Chancery set…

VP of Corporate Development Amin Zoufonoun Leaving Meta

Meta vice president of corporate development Amin Zoufonoun–who spearheaded then-Facebook’s acquisitions of Instagram, WhatsApp and Oculus–is leaving the company after nearly 12 years. Zoufonoun–who joined Facebook in March 2011 after more than eight years as director of corporate development at Google–did not share his future plans. He said in a Facebook post, “Strategic technology deal…

Kroger Precision Marketing Meets Albertsons Media Collective: What a Merger Means for Retail Media

While most of the headlines last week about the planned $25 billion Kroger and Albertsons supermarket merger were about antitrust regulatory hurdles, us marketers were investigating it from a different angle. Namely, what would it mean for retail media? Retail media, for those who’ve been paying attention, is a burgeoning digital advertising medium that has…

Judge Puts Twitter’s Suit Vs. Elon Musk on Hold So Both Parties Can Finalize Their Deal

Judge Kathaleen St. Jude McCormick of the Delaware Court of Chancery put Twitter’s case against acquirer, non-acquirer and re-acquirer Elon Musk on hold until Oct. 28 to give the two parties the chance to finalize the deal. She wrote in her order, “This action is stayed until 5 p.m. Oct. 28 to permit the parties…