Infogroup shareholders approve CCMP acquisition

Share this article:

Infogroup shareholders approved CCMP Capital Advisors' acquisition of the database giant for $8 per share on June 29. The deal is expected to close July 1.

Both Infogroup and CCMP declined comment until the deal is completed.

Clare Hart is slated to become CEO of what CCMP has said will be a full-service direct marketing agency. She will replace Bill Fairfield, who will retire from the company upon the deal's close.

Infogroup's board last month urged shareholders to vote in favor of the acquisition, sending proxy materials detailing its support for the deal to key stockholders.

“We think this is a huge opportunity to generate an attractive ROI,” Richard Zannino, managing director of CCMP, told DMNews when the deal was announced in March. “There are certain fix-up aspects and transformational aspects to the deal. We will continue to transform the company from a traditional database company into a direct marketing services provider.”

InfoGroup recently made changes to the executive team at list management company Edith Roman & Associates. Former co-presidents Wayne and Stevan Roberts are no longer with the firm, and Greg Grdodian was named president of Edith Roman-ePost Direct.

Share this article:
close

Next Article in Database Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Database Marketing

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

Cloud-based marketing automation behemoth Marketo joins forces with marketing intelligence company DiscoverOrg to improve its data collection capabilities.

A Toast to Marketing Attribution

A Toast to Marketing Attribution

Vino accessories and storage company Wine Enthusiast indentifies top and underperforming affiliates using algorithmic marketing attribution.

Q&A: When (and How) to Bust Down the Data Door

Q&A: When (and How) to Bust Down the ...

Some people run into issues with trying to build the perfect solution when often an 80% solution will do, says MailChimp's chief data scientist.