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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.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
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