Bradley J. Gross Joins MDC Partners Board of
Directors
NEW YORK, March 7, 2017 /PRNewswire/ -- (NASDAQ:
MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company")
today announced that it has closed the previously announced sale of
$95 million of Convertible Preference
Shares to an affiliate of the Merchant Banking Division of Goldman
Sachs. MDC Partners will use the net proceeds from the
investment to pay down existing debt under the Company's credit
facility and for general corporate purposes. In connection
with the closing of the transaction, Bradley J. Gross, a managing director in the
Merchant Banking Division of Goldman Sachs, has joined the MDC
Partners Board of Directors, which has expanded to seven
members.
About MDC Partners Inc.
MDC Partners is one of the fastest-growing and most influential
marketing and communications networks in the world. Its 50+
advertising, public relations, branding, digital, social and event
marketing agencies are responsible for some of the most memorable
and engaging campaigns for the world's most respected brands.
As "The Place Where Great Talent Lives," MDC Partners is known for
its unique partnership model, empowering the most entrepreneurial
and innovative talent to drive competitive advantage and business
growth for clients. By leveraging technology, data analytics,
insights, and strategic consulting solutions, MDC Partners drives
measurable results and optimizes return on marketing investment for
over 1,700 clients worldwide. For more information about MDC
Partners and its partner firms, visit our website at
www.mdc-partners.com and follow us on Twitter at
http://www.twitter.com/mdcpartners.
About Goldman Sachs' Merchant Banking Division
Founded in 1869, The Goldman Sachs Group, Inc., is a leading
global investment banking, securities and investment management
firm. Goldman Sachs' Merchant Banking Division (MBD) is the primary
center for the firm's long-term principal investing activity. With
nine offices across seven countries, MBD is one of the leading
private capital investors in the world with equity and credit
investments across corporate, real estate, and infrastructure
strategies. Since 1986, the group has invested approximately
$180 billion of levered capital
across a number of geographies, industries and transaction
types.
CONTACT:
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Matt Chesler,
CFA
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|
VP, Investor
Relations
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646-412-6877
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mchesler@mdc-partners.com
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SOURCE MDC Partners Inc.