Investment funds managed by Morgan Stanley Capital Partners (“MSCP”) today announced the sale of 24 Seven (“24 Seven” or the “Company”) to a single asset GP-led continuation investment vehicle managed by an affiliate of MSCP. The continuation fund is led by Glendower Capital with participation from other secondary investors including Pantheon.
Headquartered in New York City, New York, 24 Seven is a leading provider of digital marketing and creative staffing solutions in the United States, Canada, and the UK. Since investing in 24 Seven in 2016, MSCP has partnered with management to transform the company into the preeminent digital marketing & creative talent provider in North America. Through initiatives focused on revenue growth, productivity improvements, new office openings, and the development of an in-house M&A function, 24 Seven has more than tripled EBITDA under MSCP’s stewardship.
Read more/Source: Business Wire
