Vertrue Buyout Closes

Vertrue Inc. has gone private, after completing its $50 per share buyout by One Equity Partners, Rho Ventures and Brencourt Advisors. The total deal was valued at $855 million, including assumed debt. Jefferies Broadview advised Vertrue on the deal, while debt financing was provided by Lehman Brothers and JPMorgan. Oak Investment Partners was originally part of the equity consortium, but dropped out once the bid rose from $48.50 per share to $50 per share. It was replaced by existing Vertrue shareholder Brencourt.