Infogroup Acquired By CCMP Capital; Announces New Executive Leadership Team and Board of Directors
Company to Be Led by Clare Hart, President and Chief Executive Officer
OMAHA, Neb., Jul 01, 2010 (BUSINESS WIRE) -- Infogroup, the leading provider of data-driven and interactive resources for targeted sales, marketing and research solutions, today has closed on its acquisition by affiliates of CCMP Capital Advisors, LLC and announced its new executive leadership team and Board of Directors.
Clare Hart has been named Infogroup's President and Chief Executive Officer. Ms. Hart is considered an innovator and leader in the world of interactive data and business information services. She most recently served as President of the Dow Enterprise Media Group, which generated over $700 million in annual sales and comprised Dow Jones Indexes, Dow Jones Newswires, Factiva, Dow Jones Licensing and Financial Information Services units. Prior to that appointment she was a founding member and ultimately President and Chief Executive Officer of Factiva, when it was a joint venture of Dow Jones and Reuters.
Rich Zannino, CCMP Managing Director and Chairman of Infogroup's newly constituted Board of Directors, said, "We're thrilled to have completed our acquisition of Infogroup and to be partnering with its highly talented management team and staff. Clare Hart has the perfect blend of skills - executive leadership, customer focus, product innovation, change management, technological savvy and deep relevant industry experience - to lead the transformation of Infogroup and deliver even greater value for its customers and ultimately its shareholders."
Ms. Hart said, "I am looking forward to working with the Infogroup leadership team and all of the Infogroup employees as we help our clients win business, drive financial performance and attain market leadership through the use of Infogroup's high quality, proprietary data, innovative technologies and results-driven targeted marketing solutions."
Ms. Hart's new leadership team will include current Infogroup executives that have contributed to the company's success in the past as well as several newly appointed executives with highly relevant business experience.
The leadership team includes the following current Infogroup executives:
Newly appointed leadership team executives include:
Serving on Infogroup's new Board of Directors will be the following highly successful business leaders:
Infogroup is the leading provider of data and interactive resources that enables targeted sales, effective marketing and insightful research solutions. Our information powers innovative tools and insight for businesses to efficiently reach current and future customers through multiple channels, including the world's most dominant and powerful Internet search engines and GPS navigation systems. Infogroup's headquarters are located at 5711 South 86th Circle, Omaha, NE 68127. For more information, call (402) 593-4500 or visit www.Infogroup.com.
About CCMP Capital
CCMP Capital Advisors, LLC, is a leading global private equity firm specializing in buyouts and growth equity investments in companies ranging from $500 million to more than $3 billion in size. CCMP Capital focuses on five primary industries: Consumer/Retail; Industrial; Energy; Healthcare; and Media. Selected investments under management include: ARAMARK Corporation, Chaparral Energy, Francesca's Collections, Edwards Limited, Generac Power Systems, Jetro Holdings, LHP Hospital Group and Warner Chilcott. CCMP Capital's founders have invested over $13 billion since 1984. CCMP Capital's latest fund, CCMP Capital Investors II, L.P., closed in September 2007 with commitments of $3.4 billion. CCMP Capital has offices in New York, Houston and London. Through active management, its global resources and its powerful value creation model, CCMP Capital has established a reputation as a world-class investment partner. For more information, please visit www.ccmpcapital.com. CCMP Capital is a registered investment adviser with the Securities and Exchange Commission.