Cynthia Littleton Business EditorICM Partners has taken a minority stake in Stockholm-based lit agency Albatros.As part of the investment, ICM veteran Pete Stone will relocate to Sweden and help run Albatros alongside founders and managing partners Martina Österling and Elin Sandström Lundh.
The duo founded Albatros in 2017.The deal with Albatros is part of ICM’s effort to expand its global footprint in key territories.
It comes on the heels of ICM’s similar investment in London-based music agency Primary Talent International in March.ICM Partners’ London office flagged an investment in Albatros as an opportunity for agency CEO Chris Silbermann.
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