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Sard Verbinnen & Co. represents Leaf Group, creator of online consumer brands, as it gets acquired by Graham Holdings Co., which was Washington Post Co., in an all-cash $323M deal.
Santa Monica-based Leaf chalked up $212M in fiscal 2020 revenues and an $8.8M loss from brands including Saatchi Art (gallery), Hunker (property tours, home decor), Society6 (wall art), Livestrong & Well+Good (healthy living) and Cuteness (viral animal videos, celebrity pets).
Timothy O’Shaughnessy, CEO of Graham, said his company looks for “businesses that can prosper under our ownership and Leaf Group’s collection of marketplace and media brands make for a growing company that can do just that.”
Graham’s key holdings are seven broadcast TV stations and the Kaplan educational unit.
Sard Verbinnen’s John Christiansen and Nate Johnson represent Leaf Group.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
