MDC Partners today reported its Q1 loss grew to $29.7M from $7.5M during last year's period.
Revenues rose 10 percent to $302M.
David Droft, CFO, said "currency headwinds" hampered revenue growth by two percent, compounded by "previously disclosed timing of revenue recognition for some of our larger, more complicated pieces of new business."
The business of the parent of Allison & Partners, Kwittken + Co, Sloane & Co. and Hunter PR, is strong, according to Droft, and is "highly focused on executing the strategic and financial framework that we have previously presented."
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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