Acxiom Agrees to Be Acquired by Silver Lake, ValueAct Capital
Acxiom has announced that it has "entered into a definitive agreement to be acquired by Silver Lake, the leading investment firm focused on large-scale investments in technology-driven growth industries, and ValueAct Capital, one of the largest investment firms that makes strategic block and control investments in public and private companies. Silver Lake and ValueAct Capital will acquire 100 percent of the outstanding equity interests in the company in an all-cash transaction valued at $3.0 billion, including the assumption of approximately $756 million of debt."
“We are pleased to reach this agreement because it gives us an opportunity to deliver excellent value to Acxiom’s shareholders,” said Charles D. Morgan, Acxiom’s chairman and chief executive officer. “We believe this deal will benefit our clients, our associates and our industry.”Morgan said that “ValueAct Capital has consistently contributed valuable strategic insights to our business over the past four years, and Jeffrey Ubben, ValueAct Capital’s managing partner, has provided further leadership since August 2006 as a member of our Board of Directors. Silver Lake is the premier investment firm in the technology sector, and their deep domain expertise makes them an outstanding partner for Acxiom.”
“Clearly, we at ValueAct Capital have been an investor in Acxiom for several years because we are attracted by the foundation that Charles and his team have put in place, and we continue to believe in the company,” Ubben said.
“We see Acxiom as the clear leader in technology-enabled marketing solutions,” said Michael Bingle, a managing director of Silver Lake. “We believe that through continued investments in its technology, people and customer relationships, Acxiom will build on its history of innovation and industry leadership.”
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