Newport Partners buys into Capital C
By Adnews Staff
Newport Partners Income Fund of Toronto has acquired an ownership interest in marketing agency Capital C, also based in Toronto. No financial details are available. According to the company, CEO Tony Chapman and all of the agency's employees will remain in place and in control of the firm's operation. "Newport's investment in our firm offers us greater financial stability with which to pursue our growth strategy," said Chapman. "For our clients, we believe it means an even greater ability to help them dominate the head, heart and hands of their consumers." The partnership agreement went into effect on Aug. 8. Newport has similar ownership interests in 10 companies in the financial services, distribution, marketing and oil and gas services industries.