Mountaingate Capital Announces Sale of its Interest in Portfolio Company, Mars United Commerce, to Publicis Groupe [Yahoo! Finance]
PUBLICIS GROUP SA S/ADR (PUBGY)
NASDAQ:AMEX Investor Relations:
publicisgroupe.com/en/investors/investors-analysts/overview
Company Research
Source: Yahoo! Finance
employing a customer-centric buy-and-build strategy that empowers lower middle market companies with strong growth potential and engaged leadership teams, is pleased to announce that it has sold its position in Mars United Commerce ("Mars") in connection with a sale of the company to Publicis Groupe. The exit of its investment in Mars by Mountaingate represents another highly successful outcome for Mountaingate's investors in a tech-enabled and analytics-driven marketing services platform. Mountaingate first partnered with Mars and its leadership team – Ken Barnett, Founder and Chairman, and Rob Rivenburgh, CEO – in 2021, when the business employed approximately 450 individuals. In 2024, Mars will conclude the year with over 1,000 individuals and will have grown well over 200% since the start of the partnership. Through significant investments in the company's proprietary Marilyn ® technology platform, infrastructure and operations, along with three strategic add-on acquisitions,
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