Published: March 08, 2010
Infogroup to Be Acquired by CCMP Capital
OMAHA, Neb. - (BUSINESS WIRE) - Infogroup
(NASDAQ: IUSA), the leading provider of data-driven and interactive
resources for targeted sales, marketing and research solutions, today
announced it has entered into an agreement to be acquired by affiliates
of CCMP Capital Advisors, LLC in a transaction with a total value of
approximately $635 million, including the refinancing of Infogroup's
outstanding indebtedness.
The agreement was unanimously approved by the Infogroup Board of
Directors based upon the recommendation of the Mergers and Acquisitions
Committee. Under the agreement, Infogroup shareholders will receive
$8.00 in cash for each share of Infogroup common stock they hold.
"After conducting a lengthy analysis, we are pleased with the thorough
process and outcome," said Infogroup's Chairman of the Board, Roger
Siboni. "This transaction fulfills our commitment to maximize the value
of Infogroup for all shareholders."
"Transitioning from a public to a private company brings many benefits
to our shareholders, clients and employees," said Bill Fairfield,
Infogroup's Chief Executive Officer. "Our shareholders will receive an
attractive, immediate and certain cash value for their shares. For
Infogroup's clients and employees, the merger will allow for greater
stability, focus and flexibility to make the strategic, long-term
investments that are needed to advance the Company's leadership
position, grow the core business, expand product solution offerings,
improve overall cost structures and efficiencies, invest in technology
and expand our global reach. Under the new partnership with CCMP, we can
accelerate the positive momentum we started this past year."
"We are delighted to have reached an agreement to acquire Infogroup,"
commented Richard F. Zannino, CCMP Capital Managing Director. "Marketing
clients today are craving innovative, impactful and cost-effective ways
to reach their target customers. We are very much looking forward to
working with the talented team at Infogroup to help its clients meet
those needs and to take full advantage of its leading position in the
highly attractive data and marketing services sector."
Kevin O'Brien, CCMP Capital Managing Director, added, "CCMP has
extensive experience in direct marketing and business services. We
believe our proprietary operating expertise together with targeted
investments in people and systems can help Infogroup accelerate its
drive toward higher value-added, 'end-to-end' marketing services and
extend its market leadership."
The transaction is anticipated to close early this summer, subject to
the approval of Infogroup shareholders, regulatory approvals and
customary closing conditions.
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.
About Infogroup
Infogroup (NASDAQ: IUSA) is the leading provider of data and interactive
resources that enables targeted sales, effective marketing and
insightful research solutions. Our information powers innovative tools
and insight for businesses to efficiently reach current and future
customers through multiple channels, including the world's most dominant
and powerful Internet search engines and GPS navigation systems.
Infogroup's headquarters are located at 5711 South 86th
Circle, Omaha, NE 68127. For more information, call (402) 593-4500 or
visit www.Infogroup.com.
About CCMP Capital
CCMP Capital Advisors, LLC, is a leading global private equity firm
specializing in buyouts and growth equity investments in companies
ranging from $500 million to more than $3 billion in size. CCMP Capital
focuses on five primary industries: Consumer/Retail; Industrial; Energy;
Healthcare; and Media. Selected investments under management include:
ARAMARK Corporation, Edwards Limited, Generac Power Systems, Grupo
Corporativo ONO, LHP Hospital Group, Quiznos Sub and Warner Chilcott.
CCMP Capital's founders have invested over $12 billion since 1984. CCMP
Capital's latest fund, CCMP Capital Investors II, L.P., closed in
September 2007 with commitments of $3.4 billion. CCMP Capital has
offices in New York, Houston and London. Through active management, its
global resources and its powerful value creation model, CCMP Capital has
established a reputation as a world-class investment partner. For more
information, please visit www.ccmpcapital.com.
CCMP Capital is a registered investment adviser with the Securities and
Exchange Commission.
Additional Information and Where to Find It
Infogroup plans to file with the Securities and Exchange Commission (the
"SEC" ) and mail to its stockholders a proxy statement in connection with
the proposed merger with Omaha Acquisition Inc., pursuant to which
Infogroup would be acquired by Omaha Holdco Inc. (the "Transaction" ).
The proxy statement will contain important information about the
proposed Transaction and related matters. INVESTORS AND STOCKHOLDERS ARE
URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE.
Investors and stockholders will be able to obtain free copies of the
proxy statement and other documents filed with the SEC by Infogroup
through the web site maintained by the SEC at www.sec.gov.
In addition, investors and stockholders will be able to obtain free
copies of the proxy statement from Infogroup by contacting Investor
Relations by telephone at (402) 593-4541, or by mail at Infogroup,
Investor Relations, 5711 South 86th Circle, Omaha, Nebraska
68127.
Infogroup and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the stockholders of
Infogroup in connection with the proposed Transaction. Information
regarding the interests of these directors and executive officers in the
Transaction described herein will be included in the proxy statement
described above. Additional information regarding these directors and
executive officers is also included in Infogroup's proxy statement for
its 2009 Annual Meeting of Stockholders, which was filed with the SEC on
September 30, 2009. This document is available free of charge at the
SEC's web site at www.sec.gov,
and from Infogroup by contacting Investor Relations by telephone at
(402) 593-4541, or by mail at Infogroup, Investor Relations, 5711 South
86th Circle, Omaha, Nebraska 68127, or by going to
Infogroup's Investor Relations page and choosing the Financial
Information link, on the Infogroup corporate web site at www.Infogroup.com.
Note on Forward-Looking Statements
This press release contains certain forward-looking statements within
the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995, including but not limited to,
statements regarding the anticipated benefits of the proposed
Transaction and the expected closing of the proposed Transaction. These
forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from those indicated in
such forward-looking statements, including, but not limited to, the
ability of the parties to consummate the proposed Transaction,
satisfaction of closing conditions precedent to the consummation of the
proposed Transaction, the expected timing of completion of the proposed
Transaction, and such other risks as identified in Infogroup's Annual
Report on Form 10-K for the fiscal year ended December 31, 2009, as
filed with the SEC on February 26, 2010, which contains and identifies
important factors that could cause the actual results to differ
materially from those contained in the forward-looking statements.
Infogroup assumes no obligation to update any forward-looking statement
contained in this press release.

Infogroup Contact:
Lisa Olson, 402-593-4541
Senior Vice
President Corporate Relations
E-mail: lisa.olson@infogroup.com
or
CCMP
Contact:
Allison C. Cole, 212-600-9657
Investor Relations
E-mail:
allison.cole@ccmpcapital.com
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