Grey Group To Acquire Majority Stake In Circus Peru - Quick Facts

(RTTNews) - Grey Group announced that it has agreed to acquire a majority stake in Circus Peru S.A., the largest independent advertising agency in Peru.

Commenting on Circus, Grey Group said it is a full-service, integrated marketing company with revenue of $12.1 million in 2013. Its subsidiaries include Circus Interactive, Circus Retail, Circus Experience, Brand Lab, a design company, and Carne, a second advertising agency.

The current Grey Peru will be integrated into the Circus group of companies and the organization will be renamed Circus Grey. Circus Grey will employ over 200 people and will serve such blue-chip clients as Procter & Gamble, Grupo Credito, Grupo Falabella, Claro and San Fernando, among others.

The company said Circus' management team, led by Juan Carlos Gomez de la Torre, President and Chief Creative Officer, and Marco Milesi, CEO, will continue to lead the company.

"This partnership will make both parties stronger," said Marco Milesi, CEO of Circus. "Circus will gain access to Grey's incredible network and resources. Grey will benefit from our record of impressive growth and award-winning creative output."