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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

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Strategic Buyer: Google Buys Channel Intelligence

Channel Intelligence provides marketing services to Target, Neiman Marcus, Best Buy and other retailers

Google Inc. (Nasdaq: GOOG) will acquire Channel Intelligence Inc. from ICG Group Inc. (Nasdaq: ICGE) and Aweida Capital Management for $125 million.

Celebration, Fla.-based Channel Intelligence provides marketing services, including information about Facebook platforms, product search engines and shopping engines. Target Corp. (NYSE: TGT), Philips, Hewlett-Packard (NYSE: HPQ), Neiman Marcus, Best Buy Co. Inc. (NYSE: BBY) and Kimberly Clark Corp. (NYSE: KMB) are among the company’s customers.

The deal gives Google another tool to expand its e-commerce business to compete with Amazon.com Inc. (Nasdaq: AMZN), Facebook Inc. (Nasdaq: FB) and eBay Inc. (Nasdaq: EBAY). In 2011 Mergers & Acquisitions' Strategic Buyer of the Year winner, eBay, focused on building up its e-commerce services through acquisitions. Google, in that same year, spent about $14 billion to expand its e-commerce offerings. 

The move comes about two months after Google appointed Don Harrison as head of mergers and acquisitions, replacing David Lawee, who is focusing on other business at the company. Harrison, the deputy general counsel at Mountain View, Calif.-based Google, leads the legal team advising on acquisitions and investments.

ICG, headquartered in Radnor, Pa., is a holding company that partners with technology companies, including those that specialize in software-as-a-service offerings.  

 

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