Ropes & Gray advised Neptune Retail Solutions in connection with its entry into a definitive agreement with Quotient Technology Inc. to combine through Neptune’s all-cash acquisition of Quotient. Charlesbank Capital Partners, a private investment firm and current majority investor of Neptune, will be the majority investor of the combined company. The transaction has an aggregate equity value of approximately $430 million. The transaction was announced in a press release on June 20.
Neptune Retail Solutions is a leading omnichannel retail marketing company in the US and Canada that delivers profitable growth for retailers and brands. The Neptune platform includes in-store marketing rights in North America’s largest grocery, dollar and drugstores. Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $15 billion of capital raised since inception.
The Ropes & Gray team was led by private equity partner Michael Lee and included private equity associate Jack Heald.
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