Hellman & Friedman Closes $640 Mln Buy of Internet Brands

Hellman & Friedman has completed its previously announced deal to buy Internet Brands. JMI Equity, a buyout shop, is also an investor in the deal. In September, Hellman, a PE firm, announced it was buying Internet Brands, an El Segundo, Calif.-based Internet media companies such as loan.com and carsdirect.com, for $13.35 a share or roughly $640 million.

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