KPE Finds Investor, CEO Steps Down

The countdown to Brandweek is on! Join us, Sept. 12-16, to identify new growth opportunities, solve challenges and connect with power players. View the lineup and secure your pass.

KPE has found a new investor, one that has restructured the troubled i-shop in the hope of an 11th-hour turnaround.

Second Frontier Capital, the VC arm of The Recognition Group, has bought out two of KPE’s investors, Clarion Capital and Wasserstein Ventures. The New York-based venture capital firm now owns a third of the company, while Grey and KPE’s employee shareholders each own a third, said Kaleil Isaza Tuzman, partner at the Recognition Group.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in