MDC acquires majority of Kingsdale

TORONTO: Holding company MDC Partners has acquired a majority interest in Kingsdale Shareholder Services, a proxy solicitation and communications firm based in Toronto.

TORONTO: Holding company MDC Partners has acquired a majority interest in Kingsdale Shareholder Services, a proxy solicitation and communications firm based in Toronto.

Kingsdale provides strategic proxy, M&A, corporate relations, IR, and crisis communications services to North American clients.

Last week, MDC said its revenue was up 5% organically in the fourth quarter of last year, and its full-year revenue increased 8.3% on an organic basis compared with the prior year. Its Q4 net loss was $94.3 million, while its net loss for the full year was $148.9 million.

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