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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Ingenico Takes Over Ogone

The $484.6M sale marks an exit for PE backer Summit Partners

Ingenico SA, a Paris-based manufacturer of payment terminals, is spending €360 million ($484.6 million) for payment services provider Ogone

The transaction marks an exit for private equity firm Summit Partners, which acquired a majority stake in Brussels-based Ogone for an undisclosed price in June 2010.

Ingenico is financing the deal using $161.4 million in existing cash and $322.8 million in committed capital. It expects Ogone to generate $26.9 million in additional Ebitda by 2015.

Ogone, which had $56.5 million in revenue in 2012, has grown its operations throughout Europe and currently has offices in Belgium, the Netherlands, France, Germany, Switzerland, Austria and the U.K.

The deal is slated to close in the first quarter, subject to regulatory approval.

 

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