June 12, 2007 (Mountain View and San Francisco, CA) – LAWFUEL – US Law News – Fenwick & West LLP represented ABS Capital Partners in the management-led buyout of Innovation Interactive Inc. from its parent company, Livedoor Japan. Innovation Interactive, based in New York, NY, provides search-centric digital marketing services and is the parent company of leading digital brands such as 360i and SearchIgnite. The buyout was funded by the management team and employees of Innovation Interactive and backed by ABS Capital. Financial terms of the transaction were not disclosed. Savvian Advisors LLC acted as exclusive financial advisor to Innovation Interactive and RBC Capital Markets acted as financial advisor to Livedoor Japan.
More information about the transaction can be obtained from the Innovation Interactive Web site.
The Fenwick & West deal team included corporate attorneys Mark Stevens, David Michaels, Katrin Robb, Craig Menden, Matthew Rossiter, Shulamite Shen, Michael Brown, Brian Hicks and Kristin O’Hanlon; technology transactions attorneys Stephen Gillespie and Tracy Randall; and tax attorneys David Forst and Timothy Fitzgibbon.