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Back to Home » February 2017 News » Broad Street Principal Investments Agrees to Acquire Preferred Shares of MDC Partners Inc. |
Broad Street Principal Investments Agrees to Acquire Preferred Shares of MDC Partners Inc. |
February 17, 2017
NEW YORK, NEW YORK--(Marketwired - Feb. 16, 2017) - Broad Street Principal Investments, L.L.C. ("Broad Street"), an affiliate of the Merchant Banking Division of Goldman, Sachs & Co., reported today that on February 14, 2017 it agreed, subject to the satisfaction of certain conditions precedent to closing, to acquire 95,000 Series 4 convertible preference shares ("Series 4 Preferred Shares") of MDC Partners Inc. ("MDC" or the "Issuer") pursuant to a securities purchase agreement between the Issuer and Broad Street in reliance on an exemption from the registration requirements of the Securities Act of 1933 (the "Transaction").
Source URL: http://www.marketwired.com/mw/release.do?id=2196637&sourceType=3
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