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MDC Takes 77% Stake in Crispin, Full Ownership of Kirshenbaum

NEW YORK MDC Partners’ announcement last week that it was taking a majority stake in Crispin Porter + Bogusky follows by two weeks the holding company’s quieter increase to full ownership of Kirshenbaum Bond + Partners. Crispin is now 77 percent owned by the Toronto-based MDC, which bought a 49 percent stake in the shop in 2004. Crispin has offices in Miami and Boulder, Colo. MDC paid a total of $48 million for the equity increases in Crispin and Kirshenbaum.

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