Inactive Instrument

ChannelAdvisor Corporation

Equities

ECOM

US1591791009

ChannelAdvisor Sets $660 Million Deal to Go Private

September 06, 2022 at 08:05 am EDT

By Colin Kellaher

ChannelAdvisor Corp. on Tuesday said it agreed to be acquired by privately held commerce network CommerceHub for more than $660 million in a deal led by private-equity firm Insight Partners.

CommerceHub plans to pay $23.10 a share in cash for ChannelAdvisor, a 57% premium to Friday's closing price of $14.70 for the Morrisville, N.C., provider of cloud-based e-commerce solutions.

In addition to CommerceHub shareholder Insight, investors participating in the deal include GTCR, Sycamore Partners, and Goldman Sachs Asset Management, with financing provided by Sixth Street and Golub Capital LLC.

The deal is slated to close by the end of the year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

09-06-22 0804ET

Latest news about ChannelAdvisor Corporation

ChannelAdvisor Corporation's Equity Buyback announced on June 28, 2022, has expired.	23-06-29	CI
ChannelAdvisor Corporation Announces Board Changes	22-11-15	CI
ChannelAdvisor Corporation(NYSE:ECOM) dropped from S&P Software & Services Select Industry Index	22-11-15	CI
ChannelAdvisor Corporation(NYSE:ECOM) dropped from S&P TMI Index	22-11-15	CI
ChannelAdvisor Corporation(NYSE:ECOM) dropped from S&P Global BMI Index	22-11-15	CI
Commerce Technologies, LLC completed the acquisition of ChannelAdvisor Corporation from Janus Henderson Group plc and others.	22-11-14	CI
ChannelAdvisor Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-07	CI
Earnings Flash (ECOM) CHANNELADVISOR CORPORATION Posts Q3 Revenue $43.5M	22-11-07	MT
Auto Parts 4Less Group, Inc Announces Partnership with Channeladvisor	22-10-03	CI
Transcript : ChannelAdvisor Corporation - Special Call	22-09-14
North American Morning Briefing : Futures Edge -2-	22-09-08	DJ
B. Riley Securities Downgrades ChannelAdvisor to Neutral from Buy Following News of Sale to CommerceHub, Lowers Price Target to $23.10 from $24	22-09-07	MT
Baird Adjusts ChannelAdvisor's Price Target to $23 From $17, Reiterates Neutral Rating	22-09-07	MT
DA Davidson Downgrades ChannelAdvisor to Neutral From Buy	22-09-07	MT
Needham Downgrades ChannelAdvisor to Hold From Buy	22-09-07	MT
Sector Update: Consumer Stocks Ending Well Above Intra-Day Lows	22-09-06	MT
Top Midday Gainers	22-09-06	MT
Sector Update: Consumer Stocks Slipping with Broader Tuesday Markets	22-09-06	MT
Sector Update: Consumer	22-09-06	MT
William Blair Downgrades ChannelAdvisor to Market Perform From Outperform	22-09-06	MT
Wall Street Set for Gains Ahead of Services PMI Data	22-09-06	MT
Sector Update: Tech Stocks Climb Pre-Bell Tuesday	22-09-06	MT
ChannelAdvisor Sets $660 Million Deal to Go Private	22-09-06	DJ
Top Premarket Gainers	22-09-06	MT
CommerceHub Agrees to Buy ChannelAdvisor	22-09-06	MT

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Company Profile

Channeladvisor Corporation is a provider of cloud-based e-commerce solutions. Its platform allows brands and retailers to connect, market, sell, fulfill, and optimize their e-commerce operations . Its connect platform includes integrations, product catalog, and product matching. Its market platform includes product content management and optimization, digital marketing management, and shoppable media solutions for digital campaigns. The Company's sell platform includes inventory quantity and listing management, pricing automation, and shoppable media solutions for brand sites. Its fulfill platform includes order management automation, shipping management, dropship fulfillment, and custom fulfillment connections. Its optimize platform includes direct-to-consumer channel performance and digital shelf analytic. It provides platform modules, such as marketplaces, digital marketing, shoppable media, and brand analytics. It serves customers across a range of industries and geographies.

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