2024-11-18 02:31:31
Author: SGS & Co / 2023-07-23 11:55 / Source: SGS & Co

SGS & Co Announces Acquisition by HPS Investment Partners

SGS & Co Announces Acquisition by HPS Investment Partners

Enhanced Financial Flexibility will Fuel Strategic Growth for Global Marketing Services Leader

LOUISVILLE,Ky.,May 2,2023 -- SGS & Co ("SGS"),a leading global provider of technology-enabled brand design,digital marketing,and packaging artwork services to many of the world's biggest brands,and HPS Investment Partners,LLC ("HPS"),an investment firm with $97 billion in assets under management,today announced that they have completed a transaction that sets the stage for SGS' next phase of growth and investment by way of a significantly improved capital structure through substantial debt reduction.

Piyush Chaudhari,Chief Executive Officer of SGS & Co,said,"We are extremely excited about the HPS acquisition and partneringwith them on our go-forward growth strategy. SGS has steadily improved our capabilities and efficiencies as we have transformed into a truly global,tech-enabled organization. With HPS as our partner,we will accelerate our investment in technology,automation,and service expansion designed to deliver maximum speed-to-market,creativity,and quality for today's evolving consumer marketplace."

With this transaction,HPS will hold the majority of the company's equity.

Advisors

Evercore is serving as financial advisor to SGS and Gibson,Dunn & Crutcher LLP is serving as its legal advisor.

About SGS & Co

SGS & Co is a global brand agency comprising nearly 4,800 associates across 30+ countries that deliver speed and quality brand work through technology and teams for our world-class clients. We are comprised of two teams,Marks (Creative) and SGS (Production) to deliver end-to-end in design,graphic services,production,technology,and process optimization. We foster a client first culture to exceed client expectations and help them win. We are deeply committed to diversity,equity,and inclusion and a more sustainable future.

Tags: Advertising Art Banking/Financial Service Computer/Electronics Paper/Forest Products/Containers

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