DAE Advertising, Inc – This full-service advertising agency founded in 1990 with a unique niche serving the growing Asian-American communities had been acquired by a web development company, which was then acquired by a large software company that wanted to divest DAE. SC&H Capital was hired in September with the directive to facilitate a sale prior to the end of the year for the liquidating trust. Through an exhaustive international marketing campaign, SC&H received numerous expressions of interest; however initial offers included some form of payment over time, which would not allow the parent company’s liquidating trust to close out their books by year-end. Through continued negotiations, a cash sale of the company’s stock was completed to a US-based multi-media marketing and design subsidiary of The Marketing Group PLC, located in Stockholm. All DAE management and employees were retained and the company continues to operate.
