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News Jun 17, 2015

Shearman & Sterling Advises STG Portfolio Company Connexity on Acquisition of PriceGrabber

Shearman & Sterling advised Connexity, Inc., a Symphony Technology Group (STG) portfolio company, in its acquisition of PriceGrabber, a leading retail lead-generation platform and network. Terms of the acquisition were not disclosed.

Connexity, formerly known as Shopzilla, Inc., based in Los Angeles, CA, operates a marketing platform that offers search, display and insights solutions. The company offers a range of marketing and advisory services, including search marketing, syndicated product listings, targeted display advertising, and the Bizrate Insights customer feedback program for retailers, as well as uncovering opportunities for site, fulfillment and service improvements.

PriceGrabber is headquartered in Los Angeles with operations across North America and in the United Kingdom.

Symphony Technology Group (STG) is a private equity firm with the strategic vision and capital to transform high-potential companies into definitive market leaders. Founded in 2002, STG has established a global community. Its portfolio reports $2.7 billion in revenue and, collectively, has more than 17,000 employees. With offices in Palo Alto, London and Bangalore, and investment companies dotted around the globe, STG has a vast international customer and channel network that its companies can leverage to access global customer networks and intelligence.

The Shearman & Sterling team included partner Steve Camahort, counsel Jeffrey Wolf and associate Yoav Simchoni (all San Francisco-Mergers & Acquisitions), as well as partners Richard Hsu (Menlo Park-Intellectual Property Transactions), Gus Atiyah (Washington, DC-Finance), and Larry Crouch (Menlo Park-Tax); counsel Daniel Stellenberg (Menlo Park-Executive Compensation & Employee Benefits); and associates Nathan Wood (Menlo Park-Finance), Christine Wright (New York-Finance), Benjamin Petersen (Intellectual Property Transactions) and Ryan Bray (Menlo Park-Tax).