Davies Gilbert

Burrell Communications Group Acquired By FVLCRUM

Retrieved on: 
Wednesday, October 25, 2023

CHICAGO, Oct. 25, 2023 /PRNewswire/ -- After leading the agency to sustained growth and success since purchasing a majority stake from founder Tom Burrell in 2004, Burrell Communications Group's Co-CEOs McGhee Osse and Fay Ferguson have announced a transition to new ownership.

Key Points: 
  • Burrell, one of the most highly regarded multicultural advertising agencies in the world, was acquired by an equity consortium led by FVLCRUM Funds ("FVLCRUM") and Channing Johnson.
  • Chijioke Asomugha, Partner of FVLCRUM stated, "Burrell is an iconic company that has helped tell the diverse stories of many respected brands for more than 50 years.
  • FVLCRUM is eager to build upon the impactful legacy of Burrell through this significant equity investment."
  • Oaklins DeSilva Phillips acted as financial advisor to Burrell Communications Group, and Loeb & Loeb along with Davis & Gilbert as legal advisors.

r-pac International partners with American Securities

Retrieved on: 
Thursday, November 11, 2021

"We chose American Securities as the best partner for r-pac because they bring strategic, functional, and financial resources to support and accelerate our many growth initiatives.

Key Points: 
  • "We chose American Securities as the best partner for r-pac because they bring strategic, functional, and financial resources to support and accelerate our many growth initiatives.
  • We are very excited to partner with Michael and the r-pac team to accelerate their market expansion strategy," said Mark Lovett, a Managing Director of American Securities.
  • Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion.
  • American Securities and its affiliates have more than $25 billion under management.

Sony Music Publishing Promotes Michael Abitbol to SVP, Head of U.S. Digital

Retrieved on: 
Wednesday, October 6, 2021

NEW YORK, Oct. 6, 2021 /PRNewswire/ -- Sony Music Publishing today announced the promotion of Michael Abitbol to Senior Vice President, Head of U.S. Digital.

Key Points: 
  • NEW YORK, Oct. 6, 2021 /PRNewswire/ -- Sony Music Publishing today announced the promotion of Michael Abitbol to Senior Vice President, Head of U.S. Digital.
  • In his new role, Abitbol manages and oversees all aspects of Sony Music Publishing's U.S. digital business, as well as the newly expanded U.S. digital team.
  • His responsibilities include engaging with digital services, negotiating and drafting digital agreements, implementing digital strategy, and liaising with SMP's digital teams across the globe.
  • He is based in the company's New York office and reports to Sony Music Publishing's President, Global Digital Antony Bebawi.