MDC Partners Inc. (TSX:MDZ.A) acquired 60% stake in Luntz Global, LLC from Frank Luntz on January 8, 2014. MDC Partners also acquired 65% stake in Kingsdale Partners on February 14, 2014. The aggregate purchase price for Luntz Global transaction and Kingsdale Partners LP transaction consisted of $41.3 million paid at closing and additional deferred consideration based on the financial results of the underlying businesses from 2013 to 2017 with final payments due in 2018 of approximately $54.6 million. Frank Luntz, founder of Luntz Global, has also been named MDC Partners Chief Language Strategist, as well as his management team, will retain a significant equity interest, and participate as partners in the future growth and development of the firm.

MDC Partners Inc. (TSX:MDZ.A) completed the acquisition of 60% stake in Luntz Global, LLC from Frank Luntz on January 8, 2014.