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