- Cathay Capital, existing partners of The Independents, will exit as part of this new deal
- TowerBrook is a transatlantic investment firm based in London and New York
- FL Entertainment is a global company in the entertainment industry
TowerBrook Capital Partners and FL Entertainment have announced a $400 million investment in The Independents Group to accelerate its development and international expansion.
The Independents is a global marketing and communications group for luxury and lifestyle brands. The company has communications services for brands across Milan, Paris, London, Munich, New York, Los Angeles, Hong Kong, Beijing, Shanghai, Tokyo, Seoul, Dubai, Riyadh.
Cathay Capital, existing partners of The Independents, will exit as part of this new deal.
The Independents revenue in 2023 is expected to reach $450 million, equally split between Asia, the US and Europe and the Middle East.
This investment will support The Independents in realising its plan to more than double in size by 2025, through a strong acquisition strategy and dynamic international expansion, according to a release.
“We believe there continue to be tremendous growth opportunities for the Company, and we are as such very much looking forward to supporting the business in its next phase of development with the full contribution of our global TowerBrook eco-system,” said Fahd Elkadiri and Edouard Peugeot, MDs at TowerBrook.
TowerBrook is a transatlantic investment firm based in London and New York.
FL Entertainment is a global company in the entertainment industry. The company is based in Paris, France.