Mill Road Capital, a Connecticut private equity firm, said it is conducting a "strategic review" of its North American assets that include a majority stake in Vision7, the marketing communications holding company of US units Citizen Relations (PR) and Dare (creative).
Mill Road acquired its stake and took the then-named Cossette Communications private in 2009 in a $115M deal. The Quebec-based holding company was renamed Vision7 and organized into two entities – EDC Communications and Cossette.
Mill Road said in a statement that Vision7 management is "supportive" of the review for "strategic alternatives" and playing a major role in the process.
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