Microtransactions and Beyond
“Our long national nightmare is over,” as was said in 1974 — but this time it ends far closer to vindication than to resignation. After an exhaustive investigation, special counsel Robert Mueller did not find that “the Trump campaign or anyone associated with it conspired or coordinated with Russia in […]
Mar. 21, 2019 – 7:57 – Stagwell Group President Mark Penn on the economy under President Trump and Rep. Alexandria Ocasio-Cortez’s impact on the Democratic Party.
The Stagwell Group has made a $100m strategic equity investment into marketing and communications network MDC Partners. The agreement comes after MDC launched a strategic review process and CEO search in September 2018.
It’s official; Mark Penn of Stagwell Group will become CEO of MDC. The Wall Street Journal reports that Penn’s company, the Stagwell Group, reached an agreement to invest in ad-holding company MDC Partners Inc. for $100 million. As part of the deal Penn becomes CEO of MDC and joins the […]
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Stagwell Group, the self-described holding company alternative founded by former Microsoft executive Mark Penn in 2015, has reportedly agreed to make a $100 million investment in MDC Partners. Penn will take over as CEO of the struggling holding company following the deal and assume a role on its board of […]
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. […]
Mark Penn is the President and Managing Partner of The Stagwell Group, a private equity fund focused on the marketing services industry.