CCMP Capital Buys Infogroup for $635M

March 9, 2010

Infogroup has entered into an agreement to be acquired by affiliates of CCMP Capital Advisors in a transaction with a total value of approximately $635 million, including the refinancing of Infogroup's outstanding indebtedness.

The agreement was unanimously approved by the Infogroup Board of Directors based upon the recommendation of the Mergers and Acquisitions Committee. Under the agreement, Infogroup shareholders will receive $8.00 in cash for each share of Infogroup common stock they hold.

"After conducting a lengthy analysis, we are pleased with the thorough process and outcome," said Infogroup's Chairman of the Board, Roger Siboni. "This transaction fulfills our commitment to maximize the value of Infogroup for all shareholders."

"Transitioning from a public to a private company brings many benefits to our shareholders, clients and employees," said Bill Fairfield, Infogroup's Chief Executive Officer. "Our shareholders will receive an attractive, immediate and certain cash value for their shares. For Infogroup's clients and employees, the merger will allow for greater stability, focus and flexibility to make the strategic, long-term investments that are needed to advance the Company's leadership position, grow the core business, expand product solution offerings, improve overall cost structures and efficiencies, invest in technology and expand our global reach. Under the new partnership with CCMP, we can accelerate the positive momentum we started this past year."

"We are delighted to have reached an agreement to acquire Infogroup," commented Richard F. Zannino, CCMP Capital Managing Director. "Marketing clients today are craving innovative, impactful and cost-effective ways to reach their target customers. We are very much looking forward to working with the talented team at Infogroup to help its clients meet those needs and to take full advantage of its leading position in the highly attractive data and marketing services sector."

Kevin O'Brien, CCMP Capital Managing Director, added, "CCMP has extensive experience in direct marketing and business services. We believe our proprietary operating expertise together with targeted investments in people and systems can help Infogroup accelerate its drive toward higher value-added, 'end-to-end' marketing services and extend its market leadership."

The transaction is anticipated to close early this summer, subject to the approval of Infogroup shareholders, regulatory approvals and customary closing conditions.

Bank of America, N.A. has committed to provide debt financing for the transaction subject to customary terms and conditions. Bank of America Merrill Lynch is acting as financial advisor to CCMP and O'Melveny & Myers LLP is acting as its legal advisor.