MDC ACQUIRES STAKE IN CLIFF FREEMAN & PARTNERS
By Adnews Staff
Toronto-based MDC Partners has acquired a minority equity stake in New York-based creative agency Cliff Freeman & Partners. No financial details are known. Cliff Freeman was founded in 1987 by Cliff Freeman and Arthur Bijur. Current clients of the agency include Turner Broadcasting System, Mohegan Sun, Designer Shoe Warehouse and Fox Sports. This is MDC's second purchase this year. In January, the firm gained a 60% interest in Kirshenbaum bond + partners, also based in New York. MDC also holds interests in Crispin Porter + Bogusky and Margeotes/Fertitta.
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