March 7, 2018
Evercore served as financial advisor to the board of directors of CommerceHub on the transaction.
On March 6, CommerceHub, Inc., GTCR and Sycamore Partners announced a definitive agreement in which GTCR and Sycamore Partners will acquire CommerceHub in a cash transaction valued at approximately $1.1 billion or $22.75 per share of common stock. CommerceHub is a leading distributed commerce network for retailers and brands. CommerceHub will become a privately held company and remain headquartered in Albany, NY, with offices in Seattle, WA and Hertford, England. The transaction is expected to close in the third quarter of 2018.
Willkie advised Evercore as financial advisor to the board of directors of CommerceHub on the deal. The Willkie deal team was led by partners Gordon Caplan and Laura Delanoy and included associates Howard Block and Tai Fukumoto.
