Simpson Thacher represented MDC Partners Inc. (NASDAQ: MDCA) (“MDC”) in connection with a $95 million investment by the Merchant Banking Division (“MBD”) of The Goldman Sachs Group, Inc. (“Goldman Sachs”) through the sale by MDC of non-voting convertible preference shares. MDC expects to use the net proceeds of the sale of the shares to repay indebtedness under its credit facility and for general corporate purposes.
MDC is a leading provider of global marketing, advertising, activation, communications and strategic consulting solutions, and is one of the fastest-growing and most influential marketing and communications networks in the world.
The Simpson Thacher team included Daniel N. Webb, Risë B. Norman, Kim de Glossop, Ryan Coombs, Andrew Roy and Clint Eastman (Corporate); Christopher Brown and Makiko Harunari (Credit); and Michael Naughton, Ellen Frye and William Kearney (Antitrust).