CCMP Capital Advisors to acquire Infogroup for $463 million

Private equity firm CCMP Capital Advisors LLC yesterday entered into a deal to acquire Infogroup Inc, a provider of data-driven and interactive resources for targeted sales, marketing and research solutions for $463 million in cash.

After putting the company on the auction block for several months, the Omaha, Nebraska-based Infogroup's board of directors, based upon the recommendation of the mergers and acquisitions committee agreed to sell itself to CCMP in a deal valued at approximately $635 million, including the refinancing of Infogroup's outstanding debts.

Under the agreement, Infogroup shareholders will receive $8.00 in cash for each share of Infogroup common stock they hold.

Earlier, the Carlyle Group and Dun & Bradstreet had shown interest in acquiring the firm, but withdrew from the bidding process without assigning any reasons.

Infogroup, founded in 1972 by Vinod Gupta and listed on the NASDAQ stock exchange in 1992, had sales of nearly $500 million in its last fiscal year ended in 31 December 2009.

Infogroup, formerly InfoUSA, is a compiler of business and consumer information having more than 4 million global customers use its products and services to find new customers.