News

CoBe Capital completes the acquisition of Resilion from IAC/InterActiveCorp (NASDAQ: IACI)

November 11th, 2011

Oakland, California – CoBe Capital is pleased to announce the acquisition of Resilion from IAC (NASDAQ: IACI).

Headquartered in Oakland, CA, Resilion is an internet ad network based on a unique direct navigation network model. The 30-plus employee company will operate as a standalone entity.

“We are very enthusiastic about adding Resilion to our portfolio of companies. This business represents an opportunity for CoBe to gain a foothold in the robust Internet space,” said Neal Cohen, Founder and Managing Director at CoBe Capital. “We worked very hard to structure a transaction that is beneficial to all parties involved.”

Darren Chaffee led the transaction on behalf of CoBe Capital.  Messrs. Cohen and Chaffee will serve as directors and work closely with Resilion management to expand the business.  

About CoBe Capital

CoBe Capital, a global private investment firm with a permanent capital base and operations in North America and Europe, delivers M&A solutions to meet the specific needs of corporate sellers looking to divest non-core operations. CoBe Capital owns and operates a diversified portfolio of companies that design, manufacture and market innovative products and services. Each of its portfolio companies strives to achieve long-term growth based on lean and continuous improvement business philosophies. CoBe Capital was founded by Neal Cohen in 1994. For more information on CoBe Capital, please visit cobecapital.com.

Media Contact

Darren Chaffee
Tel. +1 (212) 338-0235 x1113
Email dchaffee@cobecapital.com