Vector Capital to Take Majority Stake in Experian’s Cross-Channel Marketing Business
San Francisco -- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Vector Capital and ExactTarget Co-Founder Peter McCormick in the acquisition of a majority stake in Experian’s Cross-Channel Marketing business. The transaction was signed on March 31, 2017, and is expected to close in the second calendar quarter of 2017. As part of the transaction, Experian will retain a 25% stake in the business, and Brian Cassin, CEO of Experian, will join the new company’s board of directors. Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses.
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