Evercore Investment Banking Pitch Book
Why Evercore?
Case Study - infogroup
Situation Overview
InfoGROUP is a diversified business that includes direct
marketing, email marketing, other marketing services, research
and government services
Vin Gupta, Chairman and CEO (prior to mid 2008) owned
between 35%-40% of the shares outstanding
Government investigations of corporate practices led to
Mr. Gupta's resignation as CEO and Chairman (but
remained a director) by mid-2008
Corporate governance, operational efficiency and decision-
processes were questionable
Evercore's Role
Engaged in 2007 by the Special Committee in response to an
offer by Vin Gupta
■
■ Engaged in mid-2009 to sell its government services business
■
Engaged in mid-2009 as financial advisor in connection with the
Company's shareholder rights plan
Engaged in early 2009 by the Independent Directors to conduct
a strategic alternatives review
Engaged in late 2009 by the Independent Directors to conduct a
formal sale process
EVERCORE PARTNERS
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Confidential
M
2007 Process
Vin Gupta made a proposal to acquire the shares he did not own
for $12.25-$12.50 per share
■ After several rounds of negotiation, Vin Gupta proposed a
purchase price per share of $13.35
Evercore conducted a market check with strategic and financial
buyers
In light of the credit market meltdown, financing for all parties,
including Vin Gupta, became challenging and the discussions
were terminated
2009-2010 Process
12/22/08: V. Gupta announced publicly the company should be
sold and he may be a buyer or a seller
December '08-August '09: Strategic alternatives review, sale of
government services business, shareholder rights plan and
discussions with Vin regarding role in any potential process
September '09 - March '10: Evercore conducts a broad sale
process for the company as a whole
3/8/10: The company announced its acquisition by CCMP
Capital
March '10-June '10: Litigation, deposition, go-shop processView entire presentation