Investment bank Montgomery advised Greystripe on its $70m exit to ValueClick, a Nasdaq-listed online marketing services provider.
ValueClick, a Nasdaq-listed online marketing services provider, has acquired Greystripe, a US-based mobile advertising network backed by Disney and the Peacock fund, for $70m in cash in order to access a $1.1bn market that is expected to nearly double by 2013.
For the rest of the year, Greystripe is to provide $24m to $26m in revenue and $2m to $3m in adjusted-earnings before interest, tax, depreciation and amortisation.
Investment bank Montgomery advised Greystripe.
In September 2009, Greystripe raised…
