Divestiture to Allow MDC to Continue Investing in
Strategic Opportunities of Greatest Growth
NEW YORK, May 11, 2015 /PRNewswire/ -- MDC Partners
Inc. (NASDAQ: MDCA; TSX: MDZ.A) announced today that, as
part of its ongoing strategy to optimize its strategic positioning
and shareholder value, it has entered into a definitive agreement
to divest its customer engagement business, ACCENT Marketing
Services, to StarTek Inc., for $16
million in cash, plus working capital adjustments. Closing
is expected on May 31, 2015.
"We are very pleased to have reached a definitive agreement for
the sale of ACCENT that creates value for MDC Partners and will
allow ACCENT to thrive," said Miles
Nadal, Chairman and CEO of MDC Partners. "This
transaction underscores our stated commitment to focus our capital
deployment on the areas of our business that maximize our value
proposition, enhance our sustainable point of differentiation, and
further accelerate all of MDC's financial metrics of
performance."
"The sale of ACCENT allows MDC to emerge as an even
faster-growing, higher margin and less capital-intensive business
overall, centered on the activities that we expect will deliver the
most growth in value to our shareholders over the long-term," added
David Doft, Chief Financial Officer
of MDC Partners.
About MDC Partners Inc.
MDC Partners is one of the world's largest Business
Transformation Organizations 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 Partners' durable competitive advantage is to Empower the
Most Talented Entrepreneurial Thought Leaders to Drive
Business Success to new levels of Achievement, for both our
Clients and our Shareholders, reinforcing MDC Partners'
reputation as "The Place Where Great Talent Lives."
MDC Partners' Class A shares are publicly traded on NASDAQ under
the symbol "MDCA" and on the Toronto Stock Exchange under the
symbol "MDZ.A".
Please visit us: www.mdc-partners.com
Follow us on
Twitter: http://www.twitter.com/mdcpartners
FOR:
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MDC Partners
Inc.
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745 Fifth Avenue,
Floor 19
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New York, NY
10151
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CONTACT:
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Matt
Chesler
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VP, Investor
Relations, MDC Partners
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646-412-6877
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mchesler@mdc-partners.com
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Alexandra
Delanghe
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SVP, Corporate
Communications, MDC Partners
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646-429-1845
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adelanghe@mdc-partners.com
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SOURCE MDC Partners Inc.