Stagwell — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2024· 2 events
Stagwell announced numerous acquisitions throughout 2024 including Team Epiphany (Jan), Sidekick and What's Next Partners (Feb), PROS (Apr), Luxine Relations Publiques (May), Business Traveller, BERA, LEADERS (Jul), Consulum (Aug), UNICEPTA and Create. Group (Dec). These acquisitions expand the company's marketing services footprint.
sustainability_report p.3
Stagwell opened EMEA HQ in London (April 2024), Chicago hub (May 2024), and Toronto hub (October 2024), expanding geographic footprint.
sustainability_report p.3
2023· 8 events
Stagwell acquired Dublin-based creative shop In the Company of Huskies for €5.2M, expanding footprint into Ireland under Forsman & Bodenfors brand.
sustainability_report p.3
Acquired digital-first creative shop Movers+Shakers for $15M plus contingent consideration up to $35M.
sustainability_report p.59
In Q1 2023, Stagwell changed internal management/reporting structure: Mono moved from Integrated Agencies Network to Communications Network (Allison & Partners); Storyline moved from Communications Network to Integrated Agencies Network (Constellation). Prior periods recast.
sustainability_report p.38
Management identified multiple material weaknesses in internal controls over financial reporting as of Dec 31, 2023, including insufficient accounting resources, inadequate risk assessment, and weak control activities. PwC auditor concurred internal controls were not effective.
sustainability_report p.80
On May 23, 2023, repurchased 23.3M Class A shares from AlpInvest Partners affiliates at $6.43/share, for total $150M.
sustainability_report p.71
PwC began serving as auditor in 2023; Deloitte became predecessor auditor.
sustainability_report p.51
Acquired digital experience design firm Left Field Labs for $13.2M plus contingent consideration up to $51M, joining Constellation Network.
sustainability_report p.59
Stagwell sold ConcentricLife (within Integrated Agencies Network) to Accenture for $245M, recognizing pre-tax gain of $94.5M.
sustainability_report p.62
2022· 8 events
Board authorized a $125M Class A share repurchase program in March 2022; on March 1, 2023 extended and increased to $250M aggregate, expiring March 1, 2026.
sustainability_report p.46
Identified errors in income taxes, noncontrolling interests, and accumulated other comprehensive loss in 2022 financials. 2022 figures revised in 2023 10-K. Net income attributable to Stagwell shareholders revised from $27.3M to $19.9M.
sustainability_report p.55
During 2022 the Company completed eight acquisitions including Brand New Galaxy, TMA Direct, Maru Group, Wolfgang LLC, Epicenter Experience, PEP Group, Apollo, contributing to revenue growth and goodwill additions of $65.5M.
sustainability_report p.87
In Q2 2022 the Company recast prior-period segment results, moving Forsman & Bodenfors, Observatory, Crispin Porter Bogusky, Bruce Mau and Vitro from Integrated Agencies Network to Brand Performance Network.
sustainability_report p.50
Acquired research/insights data platform Maru Group for £23M ($25.8M) cash.
sustainability_report p.59
Recognized $122.2M in impairment and other losses in 2022, primarily $116.7M goodwill impairment across 8 reporting units, plus $2.6M ROU lease asset and $1.4M intangible asset writedowns, due to higher interest rates, lower market multiples and reduced forecasts.
sustainability_report p.53
Following Russia's invasion of Ukraine in February 2022, the Company exited its operations in Russia in line with U.S./international sanctions.
sustainability_report p.24
Acquired e-commerce services provider BNG for $20.9M cash plus contingent consideration up to $50M, expanding European e-commerce capabilities.
sustainability_report p.58
2021· 12 events
Sold Reputation Defender to a strategic buyer for approximately $40M, recognizing a gain of approximately $43M in Q3 2021.
sustainability_report p.87
Following the Transactions, the Company changed its name from MDC Partners Inc. to Stagwell Inc. and trades on NASDAQ under STGW.
sustainability_report p.13
In August 2021 the Company issued $1.1B aggregate principal of 5.625% senior notes, used in part to redeem the prior 7.50% senior notes due 2024. Drove a $44.2M increase in interest expense in 2022 vs 2021.
sustainability_report p.107
On August 2, 2021, MDC Partners and Stagwell Media LP completed the combination forming Stagwell Inc. Treated as a reverse acquisition with Stagwell Marketing as accounting acquirer. Historical results before Aug 2, 2021 reflect only Stagwell Marketing and are not comparable with later periods. Significant driver of YoY revenue/expense increases.
sustainability_report p.10
Sold Reputation Defender to a strategic buyer for approximately $40M, generating a ~$43M gain in Other, net in Q3 2021.
sustainability_report p.96
Material weaknesses identified as of December 31, 2021 in IT general controls, account reconciliations, risk assessment, control activities, information & communication and monitoring remained unremediated as of December 31, 2022. Auditor issued adverse opinion on ICFR.
sustainability_report p.126
Acquired Goodstuff Holdings Limited on December 31, 2021 for ~£21M cash plus contingent consideration up to £22M, expanding UK/Europe media buying capabilities.
sustainability_report p.12
On December 21, 2020, MDC Partners and Stagwell Media LP announced a definitive transaction agreement to combine MDC with subsidiaries of Stagwell Media that own and operate a portfolio of marketing services companies. If consummated, the Proposed Transactions would constitute a Change of Control.
sustainability_report p.33
On August 2, 2021, MDC Partners Inc. and Stagwell Media LP completed their combination, treated as a reverse acquisition with MDC as legal acquirer and Stagwell Marketing as accounting acquirer. The Company became Stagwell Inc. Historical financials before August 2, 2021 reflect only SMG; period-over-period comparability is materially affected.
sustainability_report p.13
Purchased the approximate 49% remaining interest of Instrument for $157M total consideration including $37.5M cash and $37.5M shares plus deferred payments.
sustainability_report p.85
As part of the Transactions, MDC redomiciled from Canada to the State of Delaware, with associated Canadian emigration tax consequences.
sustainability_report p.38
In August 2021 issued $1,100M 5.625% Notes and used proceeds to redeem the existing 7.50% Senior Notes due 2024. Increased total debt materially relative to 2020.
sustainability_report p.59
2020· 1 event
On February 14, 2020, the Company sold substantially all the assets and certain liabilities of Sloane and Company LLC, an indirectly wholly owned subsidiary, to a Stagwell Affiliate for an aggregate purchase price of approximately $26 million.
sustainability_report p.37