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Simpson Thacher Represents MDC Partners Inc. and its Chief Executive Officer in Underwritten Offering of 3.5 Million Class A Subordinate Voting Shares

05.19.14
Simpson Thacher represented MDC Partners Inc. (“MDC”) and its Chief Executive Officer, Miles S. Nadal, in connection with Mr. Nadal’s underwritten public offering of 3.5 million Class A Subordinate Voting Shares (“Class A Shares”). After giving effect to the offering, Mr. Nadal will beneficially own an aggregate of more than 5.6 million Class A Shares, or approximately 11.1% in the aggregate, of MDC’s outstanding Class A Shares. BMO Capital Markets Corp. served as the sole underwriter for the offering. The gross proceeds from the offering, which closed on May 16, 2014, were $80,990,000. 

MDC is a Business Transformation Organization that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada and worldwide. MDC’s Class A Shares are listed on the NASDAQ under the symbol “MDCA.”

The Simpson Thacher team included: Risë B. Norman, Matthew Levy and Chan-young Yang (Capital Markets); Christopher Brown and Michael Vernace (Banking and Credit); Jon Cantor and Taylor Alexander (Tax); Samantha Himelman (Intellectual Property); and Jamin R. Koslowe and Jeanne M. Annarumma (Executive Compensation and Employee Benefits).