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Beringea portfolio company iLG sold to private equity group
Farmington Hills, Michigan, 12th May 2008—Beringea, an international private equity firm specializing in emerging media, announces the sale of its portfolio company iLG, a leading digital media agency, to private equity group ECI. The deal valued iLG in excess of $88 million.
Founded in 1999, iLG billed more than $200 million last year. A pioneer in the fast-growing and dynamic digital advertising sector, the company helps clients develop and execute their online media spend, including display advertising, search marketing, and affiliate management. Its clients include Sony and Gillette.
Charles Rothstein, Senior Managing Director at Beringea, says: "iLG is a market leader in a dynamic and emerging sector, led by a charismatic and dedicated management team. In just a few years' time, iLG quickly established itself as a leading brand name in digital marketing."
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