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From last-minute travel packages and deals, to weekend trips and more, helps you save on travel instantly. Houlihan Lokey is serving as a financial adviser to Quotient, while PJT Partners is advising Neptune.Having relationships with nearly 260,000 hotel properties and resorts in over 60 countries worldwide, there’s no better travel companion than. The transaction is expected to close in the second half of 2023, and Quotient will go private upon completion of the transaction. Neptune CEO William Redmond will lead the merged entity. Private investment firm Charlesbank Capital Partners, which is a major shareholder of Neptune, will be the majority investor in the combined company. Its clients include some of the world's biggest consumer companies such as Kellogg's (K.N) and Coca-Cola (KO.N). The company had been exploring options that included a sale, Reuters reported in March, as its clients slashed advertising spending amid fears of an economic slowdown.įounded in 1998, Quotient operates and other digital marketing platforms that offer promotions to consumers, mostly in the U.S. Quotient's shares jumped about 17% in the early session and were trading 9 cents shy of the $4 offer price. June 20 (Reuters) - Retail marketing firm Neptune Retail Solutions will acquire -parent Quotient Technology (QUOT.N) for $430 million in cash, the companies said on Tuesday. ![]()
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