"It's safe to assume they wouldn't be doing this on their own," said Phil Palazzo, a managing director at AdMedia Partners, an investment bank specializing in marketing transactions.
"Velocity's never done anything of this size."
Online Media Daily
December 3, 2008
"Dentsu hasn't chosen to go the route of WPP Group or Omnicom Group and grow through acquisitions," says Philip Palazzo, a partner at AdMedia Partners, an investment bank that specializes in advertising and marketing.
"Everyone assumed they would be much further along in North America, but they have been extremely cautious, and have chosen to grow through organic growth."
Wall Street Journal
November 12, 2008
"It's clearly a volatile period, but deals are still getting done," said Philip Palazzo
, managing director AdMedia Partners.
"Too many boutique life science PR firms avoid recommending videos to clients because it means the firm will lose out on revenue it could capture if the work stayed in house," said Philip Palazzo, Jr., Managing Director, AdMedia Partners, Inc., a New York-based investment bank and financial advisory firm serving owners of privately held companies in health care marketing services, media and publishing, and related interactive businesses.
[Ted Pincus'] analysis is echoed by Phil Palazzo, MD at AdMedia Partners, the media and marketing-focused M&A advisory firm.
, an MD at AdMedia Partners
who advised [Chandler Chicco Agency] on the deal, said that the PR industry's high growth rate is fuelling interest in it from acquirers outside of the traditional holding companies.
"[In] marketing in general, there's been an awful lot of interest from strategic and financial buyers," he
"And that's certainly been the case with PR."
pointed out that in both the [Financial Dynamics] transaction and in CCA's
, the buyer was able to create a PR platform that they felt rounded out and complemented their other service offerings.
"[Inventiv] is a company that focuses only on top pharma and biotech clients, so they really understand what they do," he
Philip Palazzo, MD at AdMedia Partners, a financial advisory firm that counsels marketing and media companies, also notes that the past two decades have seen a shift from commission-based compensation to a fee-based system.
disagrees that the trend is likely to change because the O&M case was a question of unscrupulous employees, not a reflection of its billing practices.
"You find these types of cases, and they're isolated," he