Advertising M&A » By The Online Investor Staff, updated Mon., Dec. 6, 12:54 PM
Recent mergers and acquisitions in the Advertising M&A category.
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Slide #18. OpenGate Capital, LLC — PennySaver USA
Acquirer:
OpenGate Capital, LLC
Acquiree:
PennySaver USA (NASDAQ:HHS)
Details:
OpenGate Capital, LLC, a global private buyout firm, completed the acquisition of PennySaver USA from Harte-Hanks, Inc., (NYSE:HHS) on September 27th 2013, just one week after announcing it had signed an agreement to acquire the business. Backbone Capital Advisors, a Los-Angeles based financial advisory services firm, assisted OpenGate Capital in this transaction and brought on Capital One Business Credit as the lender.
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