 |
Finsbury Glover Hering is advising Thoma Bravo as the private equity firm inks a $6.6B deal to acquire Stamps.com e-commerce shipping company.
The $330 per share cash offer represents a 67 percent premium over Stamps.com July 8 closing price.
Stamps.com CEO Ken McBride said the operational and financial support of Thoma Bravo, which has $78B in assets under management, will enable his company to continue to innovate and pursue growth opportunities in the rapidly expanding e-commerce shipping market.
The El Segundo, CA-based company reported a 25 percent jump in Q1 revenues to $189.1M on a 108 percent surge in net income to $16.5M.
Thoma Bravo's acquisition agreement includes a 40-day “go-shop” period in which Stamps.com can seek a better deal for the company.
Finsbury Glover Hering’s Joe Berg represents Thoma Bravo.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.