Infogroup Bought In $635 Million Deal

Infogroup (NASDAQ: IUSA), a provider of data-driven and interactive resources for targeted sales, marketing and research, which also has operations dealing with the nonprofit sector, has agreed to be acquired by affiliates of CCMP Capital Advisors, LLC in a deal valued at approximately $635 million. The deal includes refinancing of Infogroup’s outstanding debt.

Under the agreement, Infogroup shareholders will receive $8 in cash for each share of Infogroup common stock, the Omaha, Neb.-based firm announced. Infogroup will no longer be a publically-traded company.

The transaction is anticipated to close early this summer, subject to the approval of Infogroup shareholders, regulatory approvals and customary closing conditions, the firm announced. Bank of America, N.A. has committed to provide debt financing for the transaction subject to customary terms and conditions.

Bank of America Merrill Lynch is acting as financial advisor to CCMP and O'Melveny & Myers LLP is acting as its legal advisor. Evercore Partners is serving as financial advisor to the Mergers and Acquisitions Committee and Infogroup’s Board of Directors. Wilson Sonsini Goodrich & Rosati is acting as legal counsel to Infogroup.

Infogroup had been on a buying and consolidation binge the past few years. In more recent deals it acquired Direct Media, which included May Development Service, a well-respected fundraising agency. It merged its nonprofit-related properties, which included database firm Triplex, into Infogroup:Nonprofit. A representative from those divisions were not immediately available for comment.

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