Private equity firm NVM Private Equity has exited its investment in MSQ Partners, an international marketing communications group, for a 2.7x return on investment.
The exit follows a £37.5 million management buy-out of the business by LDC.
MSQ Partners is a multi-disciplinary group of digital, marketing and creative agencies that specialises in providing marketing communications for consumer and B2B brands.
It employs more than 600 people in 15 offices across the UK, Asia and USA, and its clients include PSA Groupe, Diageo and Unilever.
NVM first supported MSQ Partners with a £7.8 million investment in July 2014.
David Rolfe, Partner at NVM, said: “It has been a pleasure working with the MSQ management team and the individual agencies over the last five years. The group has developed significantly during this time and is perfectly placed to embark on the next phase of their growth journey.”
Peter Reid, CEO of MSQ Partners, added: “Our team has worked incredibly hard within their agencies and collectively to strengthen and refine our client offering. We maintain a laser-like focus on quality and creativity and with the on-going support of our employees, clients and NVM we have been able to deliver double digit annual growth over the period.”