Wednesday, July 5, 2023
SEC Newgate secures further M&A capital through a $100m equity investment from InvestcorpInvestment Activity
London, UK, 5th July 2023
Three Hills Capital Partners (“Three Hills”) is thrilled to announce that portfolio company SEC Newgate (“SEC”), a global strategic communications and advocacy group, has signed a definitive agreement with global alternative investment firm Investcorp, to receive a capital injection of c.$100 million.
In what has been an exceptional journey to date, the transaction values SEC Newgate in excess of $250 million. This is a testament to the fruitful partnership between Three Hills and SEC Newgate’s management team, showcasing the remarkable results that they have achieved together.
As a reminder, Three Hills’ third vintage invested €49 million of preferred capital into the business in March 2022 to support the delisting of the business from the London AIM and finance its ongoing M&A strategy. With Three Hills’ support, SEC Newgate has achieved a number of key milestones in the last 18 months, including the execution of several transformational acquisitions that have allowed for geographical expansion in the U.S. and Central and South America.
Investcorp will take a majority stake in the business, whilst Three Hills and SEC Newgate’s other shareholders will roll over c.100% of their equity investment as part of the transaction. The transaction remains subject to customary regulatory and other closing conditions and is expected to be finalised between the third and fourth quarter of 2023.
Investcorp’s investment will help SEC Newgate accelerate its development strategy, with a focus on expansion in EMEA and the APAC region through both organic growth and M&A.
Marco Anatriello and Michele Prencipe, Partners at Three Hills Capital Partners stated: “We are grateful to SEC Newgate CEO Fiorenzo Tagliabue and his team for what they have achieved over the last 18 months. We are thrilled to remain invested alongside Investcorp and continue on what we know will be a very enthralling journey.”
Fiorenzo Tagliabue, who will remain CEO of SEC Newgate, stated: “We are thrilled to partner with Investcorp on this next chapter of growth given their significant expertise and track record of helping professional services businesses grow and expand internationally. Investcorp’s investment will accelerate our transformation and fuel our development strategy to achieve global leadership in corporate communications and public affairs. I would like to thank Three Hills Capital Partners for their support since our delisting and ongoing commitment to our business”.
About Three Hills Capital Partners
Three Hills Capital Partners (“THCP”) is a European, mid-market, preferred capital pioneer. By offering a flexible financing solution and value-add expertise, THCP supports business owners looking to finance their growth plans whilst retaining control of their companies.
THCP has EUR 2.3 billion of assets under management, with backing from Europe’s leading industrial holding groups, family offices and entrepreneurs, as well as global institutional investors. With offices in London, Milan and Luxembourg, THCP operates with a growing team of over 65 professionals.
About SEC Newgate
SEC Newgate works at the nexus of business, politics, communities, markets and media. Their strategic counsel is delivered by a rapidly growing team of professionals across five continents, providing clients with advice and support around the clock and implementing campaigns that make an impact locally, nationally and internationally.