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New Deal


Announced

Completed

Citi Ventures completed the spin-off of Worthi.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

Communications & Content

Customer Relationship Management

Friendly

Spin Off

Majority

Domestic

Private

Ethnographic Marketing

Completed

Single Bidder

Demerger

Synopsis

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Citi Ventures, a company that invests in startups, completed the spin-off of Worthi, an ethnographic marketing, communications and content company. Future State, a venture capital firm, also made an equity investment in Worthi in connection with the spin-out. Financial terms were not disclosed.

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