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| Josh Isay |
SKDKnickerbocker has acquired Sloane & Co. from MDC Partners in a deal that adds financial capability to its public affairs orientation.
Both entities are affiliated with Mark Penn’s Stagwell Group.
"The acquisition of Sloane and Co. presents a huge opportunity for SKDK and for our current and future clients," SKDK CEO Josh Isay told O'Dwyer's. "SKDK and Sloane are now uniquely positioned in the marketplace to provide corporate and financial PR, transaction support, and special situations and public affairs work at the highest level."
He added that "few, if any, firms can offer our comprehensive suite of services, from strategy and PR to award-winning digital and broadcast advertising to in-house research and executive media training and speech writing.”
Sloane Co-CEOs Darren Brandt and Whit Clay will remain in their posts and run the firm as an independent unit of SKDKnick that offers services in such areas as M&A support, shareholder activism and governance, regulatory issues, investor relations, restructurings and media campaigns.
SKDK's client base includes Fortune 500 companies, nonprofits, philanthropic organizations, labor unions, political action committees and candidates.
The firm has offices in New York, Albany, Washington and Los Angeles.
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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