Across the media, information, marketing, health-care and technology sectors, deal volume in the first half of the year was driven by continued activity in the marketing and interactive services sector.
Hill+Knowlton Strategies, a subsidiary of WPP, has acquired Group SJR, a digital marketing communications company with clients including Dell Inc., General Electric Co., the Motion Picture Association of America, TED Conferences and Xerox Corp.
As ecommerce companies continue to encroach on brick-and-mortar stores, investment firm HGGC believes MyWebGrocer, can help traditional retailers push back against ecommerce giants like Amazon.
HGGC said on Tuesday that it has completed an investment in MyWebGrocer. No financial terms were disclosed. Also, as part of this transaction, the Stripes Group,a minority investor in MyWebGrocer, has sold its stake. The Jordan Edmiston Group served as financial advisor to both MyWebGrocer and Stripes Group.
HGGC said it made a growth equity investment in MyWebGrocer Inc., a provider of digital marketing services for grocery stores and global consumer packaged goods companies.