Friday, March 9, 2012

MDC Partners Buys Social-Commerce Firm Dotbox

MDC Partners has acquired a majority interest in Dotbox, a New York-based social-commerce firm with a portfolio of retail and luxury clients that includes 1-800-Flowers, Vince Camuto, Bebe, Harry Winston and Jessica Simpson.

Asked about the company's acquisitions plans going forward, Mr. Nadal said, "I think we will be very strategic and probably not do as many acquisitions as we were, and certainly not as much as we did in 2010. If we do things, you'll see some activity on the international front come through ... and you'll probably see us expand our media [offerings]. We'll be more discriminating as to what we do and how we do it."
Mr. Nadal said that he considers the company "more in a steady state of M&A activity" now and that no more than three or four transactions a year is probably a good pace for MDC from here on out.


http://adage.com/article/agency-news/mdc-partners-buys-social-commerce-firm-dotbox/233116/