Investment group completes acquisition of Neustar
An investment group led by San Francisco-based Golden Gate Capital has completed its $2.9 billion acquisition of Sterling-based Neustar Inc.
An affiliate of Singapore-based GIC also invested in Neustar and is now a minority owner of the company. President and CEO Lisa Hook will continue to lead Neustar, which provides information services to marketers.
A news release announcing the completion of the deal said the transaction does not change the company’s business or strategy.
The deal was announced in December. Neustar shareholders received $33.50 in cash per share.
Golden Gate is a private equity investment firm with over $15 billion of capital under management.
GIC is a global investment firm with more than $100 billion in assets under management.