On Wednesday, Opus Company introduced its acquisition of The Firm We Hold (The CWK), an occasion advertising and marketing and model expertise company with workplaces in Sydney, Australia, and Singapore, in addition to a hub in New Zealand. Monetary particulars of the deal haven’t been disclosed, however the acquisition was carried out by mum or dad firm, The Opus Group, which is owned by personal fairness agency Progress Catalyst Companions.
Opus Company stated the acquisition is essential to its progress technique targeted on getting into new markets, on this case Asia-Pacific (APAC) area. The corporate additionally stated that it’s going to profit from The CWK’s content material creation, animation, and media expertise.
APAC is now main the pack by way of tourism restoration. Opus Group’s announcement follows UK-based commerce present organizer Nineteen Group’s enlargement into the area in April 2024.
Nigel Ruffell, founding father of The CWK, will tackle the position of government vp of Asia Pacific and report on to Dena Lowery, president of Opus Company. The CWK’s senior management can even be a part of Opus Company’s prolonged management group. There are not any anticipated layoffs to the workers of greater than 70 staff.
Since coming below Progress Catalyst Companions’ possession, The Opus Group has acquired 9 firms, together with Europe-focused expertise company Verve in December 2022 and U.S.-based MAS Occasion + Design (now merely often called MAS) in Could 2018. The 2 companies proceed to function below their very own manufacturers Verve and MAS.
Progress Catalyst Companions depend realtime and digital world manufacturing specialists Dimension Studio in its portfolio, together with two media firms that produce occasions as a part of their providing, CyberRisk Alliance and Authorities Govt Media Group.
