MDC Partners Inc. has entered into an agreement with The Stagwell Group pursuant to which Stagwell, a private equity firm that manages investments in new media and digital marketing services, has invested $100 million in MDC Partners through the purchase of $50 million in MDC Partners common shares and $50 […]
MDC Partners Inc. MDCA, -2.15% shares rose 31% premarket to $2.65 after the company received a strategic investment and named a new chief executive. The marketing and communications company said Friday that The Stagwell Group, a private equity firm that manages investments in new media and digital marketing services, invested […]
Mark Penn has assumed the helm of MDC Partners as his Stagwell Group agrees to pump a $100M equity infusion into the financially strapped ad/PR company. With the investment, MDC has called off its strategic review and search for a CEO.
The Stagwell Group, a private equity firm that manages investments in new media and digital marketing services, today announced its fund, Stagwell Media LP, has invested $100 million in MDC Partners, Inc through the purchase of $50 million in MDC Partners common shares and $50 million non-voting convertible preference shares. […]
NEW YORK (AP) — MDC Partners Inc. (MDCA) on Friday reported a fourth-quarter loss of $81.6 million, after reporting a profit in the same period a year earlier. The New York-based company said it had a loss of $1.46 per share. Losses, adjusted for non-recurring gains, were $1.48 per share.
MDC Partners (NASDAQ:MDCA): Q4 GAAP EPS of -$1.46. Revenue of $393.66M (-2.3% Y/Y) misses by $0.44M. Shares +33% PM.
MDC Partners Inc. MDCA 2.15% shares rose 30.5 percent to $2.65 in pre-market trading after the company reported Q4 results. MDC Partners named Mark Penn as CEO and disclosed that The Stagwell Group has made a $100 million strategic equity investment in company.
New CEO Mark Penn voices confidence in ‘flagship’ agencies One day after confirming a $100 million investment from Mark Penn’s Stagwell Group, agency holding company MDC Partners reported net new business gains in today’s earnings call despite a challenging year and fourth quarter.
It’s official: Mark Penn is MDC Partners new CEO, a role Penn agreed to take on as his own burgeoning holding company Stagwell Group struck a deal to invest $100 million in the MDC network. As CEO, Penn will lead all day-to-day operations as well as join the MDC Board […]
MDC Partners has received a $100 million dollar investment from Stagwell Group as it names Mark Penn as its new CEO and releases its full year and Q4 results for 2018. Stagwell is purchasing $50 million in MDC Partners common shares and $50 million non-voting convertible preference shares.