Stagwell LP stand alone: 2020E: $.9BN revenues, $138MM of EBITDA in 20 countries and 3,775 employees. Recovery off depressed levels should provide revenue tailwinds into 2021/2022. Stagwell Group, which has a pending merger agreement with MDC Partners, has revealed "material weaknesses in Stagwell’s internal control over financial reporting." Goldman Sachs, an existing MDC investor, would continue to hold preference shares, though MDC and the investment bank agreed to renegotiate terms of those shares as part of the merger transaction. Costs are largely variable and can be flexed depending on market conditions. Stagwell … Stagwell and affiliates are expected to own 79% of the common equity of NewCo following the transaction. Pursuant to the Transaction Agreement, the board of directors of the … Stagwell Media LP (“Stagwell”) announced today its combination (the “Proposed Transaction”) with MDC Partners, Inc. Read more > December 22, 2020. Subscribe to ValueWalk Newsletter. MDC Partners Chairman-CEO Mark Penn, currently managing partner of Stagwell Group, is set to continue on as the chief executive and chairman of the combined company. Stagwell’s prerogative however is not to manage this closely held like a PE firm but to serve as a platform operating company and will provide. I also own a few grams of Gold and Silver. Stagwell Group, which has a pending merger agreement with MDC Partners, has revealed "material weaknesses in Stagwell’s internal control over financial reporting." Press Release: On December 21, 2020 MDC Partners and Stagwell Media LP announced they have entered into a definitive transaction agreement to combine their respective businesses, uniting the award-winning talent of MDC with the advanced technology platform of Stagwell to create the transformative marketing company that today’s marketplace demands. Mgmt. The Stagwell Group’s most common sectors for investment are marketing (59%) and business services (17%). Pro forma estimates do not include revenue synergies between the two companies. Deal would create $2 billion global agency company, The top 5 most creative brand ideas you need to know about right now, WPP results show 'sequential recovery' since lockdown, Watch the newest commercials on TV from Google, Modelo, Wendy’s and more, How brands like Coke, Nissan and Wendy's are approaching a very different March Madness, How Facebook and Snapchat are preparing brands for the data lockdowns, Opinion: Advertisers, stop ignoring the pandemic, How brands are honoring International Women’s Day during a pandemic that has been disproportionately harsh on women, Spring is the new Christmas as brands prep for the return of Roaring '20s consumerism, 4 steps brands can take to win in esports and gaming, Hotels.com tries to capture rising demand for ‘revenge travel’ in new campaign, Burger King deletes International Women’s Day tweet after getting grilled as its intent is misinterpreted, Hispanic businesses threaten Coca-Cola with boycott after closing Office of Latin Affairs, Patio furniture from Oprah's Harry and Meghan interview sells out, The 50 most inspiring people and companies, according to industry creatives, Wendy’s, now the No. The merger … 2025E Revenue: $3BN from 9% ann. 2025E EBITDA: $510-570MM assuming margins of 17-19% (Rubicon Capital assumptions). Stagwell, already MDC's biggest shareholder, would own 79% of the combined company under the deal. jo.id = 'FJVoiceFeed'; $1+ per share annually to equity value from free cash flow generation which will only accelerate with growth. - For Mark Penn, who will … A merged Stagwell-MDC entity would have a $2 billion market cap, generate $35 million in cost savings and buoy MDC’s stock to $4.25. $2.0BN 2021E => 2025E $2.6BN (organic) + 75MM new digital rev streams, $325MM M&A growth = $3BN of total revenues. Under Stagwell’s merger scheme, Stagwell would trade Stagwell’s existing agency holdings for MDC shares, creating a $2 billion revenue agency company. 23 agency company with 2019 revenue of $627 million. The deal is subject to various approvals including approval by MDC shareholders. December 21, 2020 MDC Partners and marketing consultancy Stagwell Group, both led by Mark Penn, have agreed to merge, according to the two companies. In 2020, 42% of Stagwell revenue came from high growth digital transformation and marketing assets with aggregrate revenue growing much faster than the industry. The Stagwell Group initially proposed the merger in June. Stagwell would control the merged venture, but more than half of revenue and employees would come from MDC. MDC and Stagwell announced their planned deal after the market closed Monday.
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