Harris Williams & Co. Advises Rewards Network Inc. in its Sale to EGI Acquisition, L.L.C. for $13.75 Per Share in Cash
December 15 2010 - 11:22AM
Business Wire
Harris Williams & Co. is pleased to announce the sale of
Rewards Network Inc. (Rewards Network; NASDAQ: DINE), a leading
marketing services company to the independent restaurant industry,
to EGI Acquisition, L.L.C. (EGI Acquisition), an affiliate of
Equity Group Investments, L.L.C. (EGI), a private investment firm,
for $13.75 per share in an all-cash transaction. Ned Valentine,
Doug Yablonski and John Klim from Harris Williams & Co.’s
Richmond office led the transaction.
“As the leading marketing services company focused on the
independent restaurant industry, Rewards Network offers a full
suite of marketing services and loyalty rewards programs to a vast,
proprietary network of over 10,500 participating merchants, more
than 3 million active members, and 13 premier rewards program
partners,” noted Doug Yablonski, managing director in Harris
Williams & Co.’s Richmond office. “Rewards Network’s services
have proven to influence consumer behavior and drive increased
revenue for participating merchants, which is critical as consumers
continue to focus on value in the current economic
environment.”
Rewards Network, headquartered in Chicago, IL, operates the
leading dining rewards programs in North America by marketing
participating restaurants to members of these programs and by
providing incentives to members to dine at these restaurants. In
addition to operating its own dining rewards program, iDine®, the
company also operates the dining rewards program of leading airline
frequent flyer programs, hotel frequent-stay programs, retailer
shopping programs, college savings programs, and other affinity
organizations.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is
focused exclusively on the middle market providing sell
side and acquisition advisory, restructuring advisory,
board advisory, private placements and capital markets advisory
services.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorized and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 (804) 648-0072.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Aug 2024 to Sep 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Sep 2023 to Sep 2024