JEGI CLARITY have advised the shareholders of independent digital agency DEPT on their sale to global investment firm The Carlyle Group (NASDAQ: CG).
Named the second fastest-growing large agency in the world by Adweek in 2019, DEPT delivers end-to-end digital experiences for brands and businesses worldwide such as Bose, Tesla, Samsung, Formula E, Indigo and Beiersdorf. Founded in Amsterdam in 2015, the DEPT team has grown from 150 people in The Netherlands to more than 1,500 people in thirteen countries across Europe and the Americas. During this period 2015-2019, DEPT’s revenue rose tenfold to over 150 million Euros.
This investment from The Carlyle Group will enable DEPT to continue and accelerate its growth in the fast-paced digital agency sector. This deal delivered both a very strong valuation as well as providing a partner that shared the same principles and growth ambitions as DEPT.
JEGI CLARITY came to us highly recommended and helped navigate what, at times, was a complex process using their experience to deliver multiple options that ultimately met all stakeholder objectives –ourselves as a leadership team, our 90 shareholding DEPTsers, as well as our valued investor, Waterland Private Equity. Put simply, together with the JEGI CLARITY team, we achieved a fantastic result and joined forces with the partner that will help us realize our #DeptWorldwide global ambitions.
Dimi Albers, CEO, DEPT