Charlesbank, M/C Partners to Buy Acxiom's IT Business
May 22, 2015
Charlesbank Capital Partners and M/C Partners have agreed to acquire Acxiom IT, the IT Infrastructure Management business of Acxiom (NASDAQ: ACXM), for a cash consideration of up to $190 million. Terms of the agreement involve a $140 million cash payment at closing and up to $50 million in contingent payments subject to certain performance metrics. Acxiom will also receive a 5% profits interest in the company going forward.