Titan Outdoor Sold to New Company Led by Former NYC Deputy Mayor and Former Bloomberg CEO Dan Doctoroff
Ropes & Gray represented Titan Outdoor Holdings, Inc. and its majority owner Welsh, Carson, Anderson & Stowe in the sale of Titan Outdoor to Intersection Holdings, LLC. Intersection is a newly formed urban experience company that seeks to combine technology, user experience and interactive engagement to improve life in cities around the world. It is led by former New York City Deputy Mayor and former Bloomberg CEO Dan Doctoroff and will be owned by a consortium of equity investors.
Terms of the transaction, announced June 23, were not disclosed.
The Ropes & Gray team was led by private equity partner Christopher Rile.