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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
MDC Partners Inc.
Formerly called
Multi Discipline Communications
Type
Public
Traded as NASDAQ: MDCA
Industry advertising, public relations, marketing
Founded December 19, 1986; 30 years ago (1986-12-19)
Founder Miles Nadal
Headquarters New York City, United States
Area served
Worldwide
Key people
  • Scott Kauffman, CEO and Chairman
  • David Doft, CFO
Revenue US$1.326 billion (2015)
Number of employees
5,690 (2016)
Website www.mdc-partners.com

MDC Partners Inc. (NASDAQ: MDCA) is an advertising and marketing holding company based in New York City. MDC is structured as a partnership model, in which it initially acquires a majority stake in its partner agency, leaving a percentage of ownership with the founder. It has more than 50 partner firms worldwide.

MDC Partners was founded as Multi Discipline Communications in 1980 in Toronto by Miles Nadal. The company held an IPO on October 16, 1987.

The company operated two divisions in the 1990s: Marketing and Communications and Secure Transaction Products, which included the production of checks, credit and debit cards, tickets, and stamps. Toward the end of the 1990s, MDC concentrated on growing its marketing and communications business. It continued to expand into the United States, surpassing CAD$1 billion in revenue in 2000 through acquisitions and organic growth.

In 2001, MDC formed its first "partnership" with the agency Crispin Porter + Bogusky.

In January 2004, the company changed its name to MDC Partners Inc.

MDC became the first advertising company to build a capability designed for automated, or programmatic, media trading, with the formation of Varick Media Management, in 2008.

The company acquired Anomaly in 2010 and 72andSunny in 2011.

On July 21, 2015, Miles Nadal announced his resignation as CEO in response to an investigation by the U.S. Securities and Exchange Commission regarding executive pay and accounting practices. Nadal agreed to pay back $1.9 million in expenses and $10.6 million in salary and bonuses. He did not receive any severance or compensation for resigning. Chief accounting officer Michael Sabatino also announced his resignation and will reportedly repay $208,000 in bonuses. MDC’s presiding director of the board, Scott Kauffman, succeeded Miles Nadal as Chairman and CEO.

In December 2015, the company ranked 8th in Advertising Age’s global ranking of Agency Networks, by cumulative award wins. In June 2016, MDC announced the first acquisition under Kauffman of Swedish creative agency Forsman & Bodenfors, forming a strategic partnership with sister agency CP+B.

MDC Partners is a global advertising holding company that invests in agency partners in the areas of advertising, marketing, media management, technology, analytics and consumer insights, direct marketing, and strategic consulting. The company is headquartered in New York City and also operates a corporate office in Toronto, where it was initially founded. It earned approximately US$1.33 billion in revenue 2015.

MDC typically invests in creative and digital firms. Historically, it invested in agencies during times when similar companies have scaled back on acquisitions. While the company has mainly invested in North American small to mid-sized agencies, it extended onto new global markets in the 2010s. As of 2015, 9% of the company’s revenue came from outside North America.

MDC does not generally acquire agencies outright, but instead most frequently partners with agency management by acquiring a 51 to 80 percent initial stake. Instead of integrating the firms, acquired agencies to continue to manage their own day-to-day operations. MDC provides support to the agencies in which it has invested including business strategy and financial resources. It operates a Strategic Resources Group, which supports the development of partner agencies. In 2004, Adweek called the company an "anti-holding company".

Major holdings include 52 advertising and marketing firms:

Investment goal date:
Dividends reinvested
MDC Partners Inc. MDCA report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-29
--
--
Q4 2017
2018-02-26
--
--
Q3 2017
2017-10-30
0.2400
0.2400
Q2 2017
2017-08-07
0.1400
0.1400
Q1 2017
2017-04-27
-0.2100
-0.2100
Q4 2016
2017-02-27
0.1500
0.2000
Q3 2016
2016-11-03
-0.6400
-0.6200
Q2 2016
2016-07-28
0.0200
0.0200
Q1 2016
2016-05-03
-0.4700
-0.4700
Q4 2015
2016-02-18
-0.5200
-0.5200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
1565815
BlackRock Inc.
2381238
Boston Partners
2289610
FMR LLC
8291115
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HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
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SCHRODER INVESTMENT MANAGEMENT GROUP
1456283
SENTINEL ASSET MANAGEMENT, INC.
1161235
TAYLOR ASSET MANAGEMENT INC
1315661
TEACHERS ADVISORS INC
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Vanguard Group, Inc
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WELLS FARGO & CO/MN
2402505
Major Shareholders
Name Relationship
Total Shares
Holding stocks