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| Mark Penn |
Shareholders of MDC Partners today approved the merger with Stagwell Media during their special meeting.
The combined company will be called Stagwell Inc. and trade on the NASDAQ, once the transaction is completed on Aug. 2.
Mark Penn, MDC CEO and Stagwell Group managing director, thanked shareholders for recognizing the merger “as a unique opportunity to create a new marketing machine that can transform the industry and create enhanced opportunities for growth and value in the marketplace."
Stagwell Inc. will house Allison+Partners, Hunter and KWT Global, Sloane & Co and SKDKnickerbocker.
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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