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.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions