- The Goat Agency is a social media marketing company
- Inflexion made a minority investment in Goat in 2021
- Goat has since expanded globally, with a focus on the North America market
Mid-market private equity firm Inflexion has signed a deal to sell its stake in The Goat Agency, a social media marketing company, to marketing and communications firm WPP.
The IRR was 80 percent, according to market sources.
Goat focuses on data-led end-to-end influencer marketing campaigns and was founded in 2015. It has offices in London, New York and Singapore. It works with brands including Dell, Meta and Tesco, according to a release.
Inflexion made a “significant” minority investment in Goat in 2021. Since then, Goat has expanded, with a focus on the North America market. Inflexion worked to embed technology and data into Goat’s offering.
The deal is the first exit from Inflexion’s Enterprise Fund V, its lower mid-market fund.
Inflexion makes majority and minority investments, typically investing £10 million ($12 million; €11 million) to £400m of equity. It has offices in London, Manchester and Amsterdam.
WPP is headquartered in London and has offices in New York, Singapore and Hong Kong.