WPP Buys PE-Backed Commarco

Advertising giant WPP will buy German marketing firm Commarco from private equity firm Cognetas, Reuters reported. Financial terms of the deal were not released. Cognetas has been trying to sell three German firms to draw to a close a 1 billion euro fund it raised in 2001, Reuters reported. Rothschild advised it on the sale of Commarco.

North AmericaUSBriefs