Ropes & Gray Represents The Baupost Group in its $200 Million Investment in Outbrain
Ropes & Gray represented The Baupost Group in its $200 million investment in Outbrain, a leading recommendation platform for the open web. The transaction was announced on July 6. The press release is here.
Outbrain’s technology enables one-third of the world's online consumers to discover new things through recommendation feeds on their favorite media while connecting advertisers to these audiences. Outbrain is headquartered in New York City with offices in 18 cities worldwide. The Baupost Group is a Boston-based investment manager that manages roughly $31 billion in a wide range of asset classes.
The Ropes & Gray team that represented The Baupost Group was led by private credit counsel Milap Patel (Boston) and tax partner Amanda Holt (Boston).