SAN FRANCISCO: W2O Group said this week that it has sold an undisclosed share of the company to private equity firm Mountaingate Capital to fund its growth strategy. The investment deal was finalized at the beginning of March. Recently founded by four former KRG Capital executives, the Denver-based private equity firm has a marketing services portfolio that includes data-driven firm Ansira and Aspen Marketing Services. W2O Group achieved 16% year-over-year growth to $95.5 million in 2015, which Mountaingate MD Bruce Rogers cited in a statement about the firm’s investment.
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