Digital Marketing Company for Sale

Morgan Stanley Capital Partners Completes Sale of 24 Seven to New Continuation Investment Vehicle

New York–(work wire) – Mutual Funds Managed by Morgan Stanley Capital Partners (“MSCP”) today announced the sale of 24 Seven (“24 Seven” or the “Company”) to a continuing investment vehicle led by GP and managed by a subsidiary of MSCP. Glendauer Capital is leading the ongoing fund with the participation of other secondary investors including Pantheon.

Headquartered in New York City, New York, 24 Seven is a leading digital marketing and creative recruitment solutions company in the United States, Canada and the United Kingdom. Since investing in 24 Seven in 2016, MSCP has partnered with management to transform the company into the preeminent digital marketing and creative talent provider in North America. Through initiatives focused on revenue growth, productivity improvement, new office openings, and internal M&A function development, 24 Seven has more than tripled EBITDA under MSCP supervision.

“We are proud to partner with Anthony Donnarumma, Celeste Goudas and the 24 Seven team during this quarter, ultimately transforming 24 Seven into the industry’s leading provider of digital marketing and creative talent” at MSCP, Adam Shaw, Managing Director and Head of Business Services. “24 Seven is a unique high-growth platform in the sector and we have appreciated the opportunity to work with the entire 24 Seven team during this exciting period in the company. We are grateful for their hard work and dedication over the past five years and look forward to being a value-added partner in the next chapter. of the company’s growth.

“Morgan Stanley has provided an outstanding partnership over the past five years, helping us lead the business and rise to an industry-leading provider,” said Anthony Donnarumma, CEO of 24 Seven. “MSCP has been a formidable partner of the entire 24 Seven team, leveraging their deep experience in human capital management to support our aspirations for organic growth and operational initiatives and to continuously develop our M&A capabilities. We thank them for their contributions to the business and are excited to continue providing exceptional service to our clients, and business opportunities to our candidates. and career development opportunities for our employees in the future.”

24 Seven is MSCP’s fourth investment in human capital management, which has been an essential sub-segment within MSCP’s broader Business Services effort.

Credit Suisse assisted with the special presentation, and Debevoise & Plimpton acted as legal counsel for MSCP.

About Morgan Stanley Capital Partners

Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is the leading mid-market private equity platform that has invested capital in a wide range of industries for more than three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of sub-sectors in the business and consumer services markets, healthcare, education, and industry with a focus on Driving significant organic growth and acquisition growth through an operations focused approach. For more information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.

Morgan Stanley Investment Management

Morgan Stanley Investment Management, along with its investment advisory subsidiaries, has more than 750 investment professionals worldwide and $1.5 trillion in assets under management or supervision as of September 30, 2021. Morgan Stanley Investment Management strives to provide Outstanding long-term investment performance, service and a comprehensive suite of investment management solutions for a diverse client base, which includes governments, corporations, corporations and individuals worldwide. For more information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services company providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the company’s employees serve clients around the world including corporations, governments, foundations, and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

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