Friday, December 17, 2010
Internet Brands Acquisition Completes
El Segundo-based Internet Brands said Friday that the acquisition of the firm by private equity firm Hellman & Friedman has closed. The acquisition, which had originally been announced in September, was worth $640M. Internet Brands said that the firm will cease trading on the NASDAQ Global Select Market at close of the market today. JMI Equity also invested in Internet Brands as part of the sale. Hellman & Friedman was advised by Simpson Thacher & Bartlett LLP in the deal; Internet Brands was advised by Munger, Tolles & Olson LLP and Jefferies & Company, Inc, with Skadden, Arps, Slate, Meagher & Flom LL advising the firm's board.