Global alternative investment firm, Investcorp, has signed a definitive agreement to invest around USD 100 million for a majority stake in global strategic comms and advocacy group, SEC Newgate. This investment, which puts SEC Newgate's valuation in excess of USD 250 million, will help drive the firm's development strategy, which will focus on EMEA and APAC expansion through organic growth and M&A.

As part of the transaction, Three Hills Capital Partners and SEC Newgate's other shareholders will roll over 100 per cent of their equity investment. This transaction is expected to close between the third and fourth quarter of 2023.

Jose Pfeifer, Head of Investcorp's European Private Equity group, commented of this news: "We will use our resources to support SEC Newgate’s geographic expansion, growth through acquisitions and greenfield developments."

Fiorenzo Tagliabue, who will remain CEO of SEC Newgate, stated: "Investcorp’s investment will accelerate our transformation and fuel our development strategy to achieve global leadership in corporate communications and public affairs. I would like to thank Three Hills Capital Partners for their support since our delisting and ongoing commitment to our business."