ArchPoint Partners Advises Channel Intelligence on Its Sale to Google
SAN FRANCISCO, CA -- (Marketwire) -- 03/07/13 -- ArchPoint Partners
(ArchPoint) is pleased to announce that it acted as sole financial
advisor to ICG Group, Inc. ("ICG") in the sale of one of its
consolidated companies, Channel Intelligence, Inc. ("CI"), to Google
Inc. CI was acquired by Google for $125 million in cash and the
transaction closed on February 20, 2013.
"As drivers and architects of CI's growth and success with management
and co-investors, we are very pleased with this outcome," said Walter
Buckley, CEO of ICG. "The team at ArchPoint helped us to achieve this
successful transaction and we are thankful to them for their focused
efforts and expertise in architecting this deal."
Rob Wight, founder of CI, commented, "John Cooper managed ICG's
initial investment in our company, and played a material role for us
as we contemplated further investments and/or business combinations.
It was extremely helpful to have this ongoing relationship with
ArchPoint all the way through our ultimate transaction with Google."
John Cooper and Susan Blanco, founding partners at ArchPoint were
lead advisors to the company and its investors in this transaction.
Cooper commented, "It is very fulfilling to have enjoyed a five year
relationship with Channel Intelligence; from advising on growth
equity through a liquidation event with Google. This is the kind of
long-term relationship we strive for with our clients."
About ArchPoint Partners:
ArchPoint Partners is consistently
credited with market-leading financing and business combination
outcomes in the technology and media sectors. ArchPoint leverages its
combined experience in operations, strategy and investment banking to
provide astute strategic advice for mergers, acquisitions,
divestitures, spin-offs, private capital raising and restructuring.
In addition, the firm provides both long-term and short-term board
advisory services. ArchPoint is based in San Francisco, California
and serves clients worldwide. Securities are offered through
Financial Telesis Inc., Member FINRA/SIPC. This testimonial may not
be representative of the experiences of other clients. There is no
guarantee of future performance or success.
ICG identifies, capit
alizes and grows companies in the
cloud-based software and services sectors. These companies transform
the way business is done by enabling enterprises to increase
efficiencies and improve and automate critical processes. ICG
leverages its unique expertise to carefully identify companies based
on their potential to become market-changers and market-leaders. ICG
is focused on building profitable businesses in the cloud-based
software and services sectors by infusing them with management
expertise, strategic and operational guidance, as well as growth
About Channel Intelligence
Channel Intelligence helps marketers
outperform online with its CI Boost services: Facebook Platform,
Where-to-Buy, Product Search Engines and Shopping Engine solutions.
Relied upon by companies such as Target, Philips, HP, Neiman Marcus,
Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US
transactions online and drives $2 billion in sales annually in
referred sales online in computing products, home improvement
products, appliances, consumer electronics, toys and a variety of
other consumer packaged goods. CI is owned by ICG and Aweida Capital
Management. Learn more at www.channelintelligence.com.
Safe Harbor Statement under Private Securities Litigation Reform Act
The statements contained in this press release that are not
historical facts are forward-looking statements that involve certain
risks and uncertainties, including but not limited to risks
associated with the uncertainty of future performance of our
companies, acquisitions or dispositions of interests in companies,
the effect of economic conditions generally, capital spending by
customers, development of the e-commerce and information technology
markets and uncertainties detailed in our filings with the Securities
and Exchange Commission. These and other factors may cause actual
results to differ materially from those projected.
Want to know more?
Press spacebar to pause and continue. Press esc to stop.