MMGY Global Gets Cash Infusion To Fuel Expansion

Private equity shops Peninsula Capital Partners and Fine Equity Partners are making a "significant equity investment" in Kansas City-based integrated travel marketing firm MMGY Global to help the agency pursue acquisitions, both domestically and internationally and also enable the founders to monetize portions of their stakes in the firm.  Terms weren’t disclosed.

The investments will enable a business plan that more than doubles the size of the company by 2020.

MMGY’s existing management team will continue to operate the firm, and Clayton Reid will remain in his role as CEO. MMGY’s founding partners, Don Montague and Peter Yesawich, will continue to serve as senior advisors.

In 2012, MMG Worldwide and Ypartnership joined to form MMGY, with founders Montague and Yesawich consolidating their leadership positions with offices in Kansas City, New York, Orlando, and Madrid.

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“It really is the best of both worlds,” said Reid.  “Our partnership with Peninsula opens up an entirely new set of opportunities for us to grow and invest in ways that would otherwise not be possible, while the company’s partners can enjoy the financial benefits of decades of hard work and also remain invested in the firm.”

MMGY was advised on the transaction by investment bank Cappello Global LLC and by Winstead PC on legal matters.

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