Houlihan Lokey Advises Quotient Technology

Houlihan Lokey is pleased to announce that Quotient Technology, Inc. (NYSE:QUOT) (Quotient) has combined with Neptune Retail Solutions (Neptune), a portfolio company of Charlesbank Capital Partners (Charlesbank), in an all-cash transaction valuing Quotient at approximately $450 million.

Quotient, a digital promotions and media technology company, and Neptune, an omnichannel retail marketing company with a network of in-store and digital solutions, combined through Neptune’s all-cash acquisition of Quotient. Charlesbank, a private investment firm and current majority investor in Neptune, is now the majority investor of the combined company.

The transaction, which has an aggregate equity value of approximately $430 million, was approved by Quotient’s board of directors and shareholders, representing the culmination of a comprehensive review process undertaken by the board to maximize shareholder value. Under the terms of the agreement, Quotient’s shareholders received $4.00 per share in cash.

The combination of Quotient and Neptune brings together Quotient’s innovative technology platform, extensive digital promotions retail network, and proprietary data with Neptune’s broad in-store and deep data-driven shopper marketing insights across in-store and print media.

Houlihan Lokey served as the exclusive financial advisor to Quotient. This transaction highlights Houlihan Lokey’s leading martech and adtech franchises.