Investment funds managed by Morgan Stanley Capital Partners (“MSCP”) have successfully completed the sale of World 50 Parent LLC and its subsidiary companies to a single asset GP-led continuation fund investment vehicle. The continuation fund is backed by investments from Pantheon, Blue Owl Strategic Equity, Lexington, Norwest, Ares Management Funds, AltamarCAM, and Churchill.
Adam Shaw, Managing Director and Head of Business Services at MSCP, expressed pride in the transformation of World 50, stating, “We believe World 50 is a unique business model with multiple levers for continued growth.” Former CEO and current Chairman of the Board of World 50, David Wilkie, acknowledged MSCP’s contribution to the company’s success, highlighting how they have solidified World 50’s position as a valuable resource.
World 50 CEO Ken Davis shared his excitement for the future growth opportunities, saying, “We are extremely excited for the growth opportunities ahead at World 50 and look forward to continuing our partnership with the MSCP team to deliver a differentiated experience for our members.”
Baird acted as the lead transaction advisor to MSCP on the continuation fund, while Harris Williams provided industry-related advice and Debevoise & Plimpton served as the legal advisor.
World 50 is a leading peer-to-peer community for executives, providing a platform for knowledge exchange and relationship-building. Since 2004, World 50 has been instrumental in helping senior executives stay ahead in their respective industries. With a mission to accelerate the success of its members and their organizations, World 50 continues to play a crucial role in the global business landscape.
Morgan Stanley Capital Partners, a middle-market private equity platform, focuses on driving significant growth in its portfolio companies. With a track record of creating value through operational focus, MSCP has been a key player in the success of companies like World 50.
For more information about World 50, please visit: world50.com
For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.
