Mergers & Acquisitions

Former Motorola executive and early stage technology investor Richard N. Nottenburg, PhD, has joined the board of Theatro, a startup focused on wearable devices.

Nottenburg previously served as president and CEO and a member of the board of directors of Sonus Networks from 2008 to 2010. From 2004 until 2008, Nottenburg was an officer with Motorola, ultimately serving as its EVP, chief strategy officer and chief technology officer. He currently serves on the boards of PMC Sierra, Verint Systems and Aeroflex Corporation.

Rockville, Md. — Federal Realty Investment Trust has acquired controlling interests in two shopping centers in Affluent Monmouth County, N.J., for $161 million. Both the Grove at Shrewsbury and Brook 35 are located on Route 35 and serve the emerging bedroom and second home communities of Shrewsbury, Red Bank, Rumson, Fair Haven, Little Silver, and Middletown. The acquisition was made with a combination of downREIT units, cash and the assumption of $68 million of fixed rate debt secured by the properties.

New York -- On Tuesday, Mexican retail company Grupo Gigante said in a regulatory filing that it will list shares in Office Depot de Mexico, the local division of the U.S. office-supply chain it purchased last year.

The listing would be public in Mexico and private in the United States and other markets.

ChannelAdvisor, a leading provider of cloud-based e-commerce solutions, has appointed Diana Semel Allen as VP and general counsel. In her new role, Allen will oversee the company’s worldwide legal functions, including regulatory compliance, commercial affairs, mergers and acquisitions, litigation and intellectual property management.

Fremont, Calif. – The latest chapter in the continuing rivalry saga of The Men’s Wearhouse and Jos. A. Bank Clothiers, Inc. has opened with Men’s Wearhouse making a hostile cash tender offer of $57.50 per share for Jos. A. Bank. The offer, which expires on March 28, 2014, is worth about $1.6 billion.

Spindle, a leading provider of mobile commerce solutions, has acquired Los Angeles-based Yowza!!, a leading provider of mobile couponing technology. As a result of the transaction, Spindle will integrate its MeNetwork mobile marketing services with the Yowza!! mobile couponing solution to deliver an end-to-end mobile commerce service.

The new mobile commerce offering will have an existing user base of nearly 2 million consumer downloads, and approximately 95,000 merchant locations.

Coupons.com, a leading provider of digital printable coupons, digital paperless coupons and mobile promotions, has acquired Yub. Terms of the deal were not disclosed.

Yub allows consumers to link digital offers and promotions to payment cards for instant savings when they use the cards for in-store purchases. Merchants, retailers and restaurants can easily track offers from online clicks to offline purchases. Coupons.com plans to bring its scale, affiliate network reach and merchant base to the Yub platform to increase consumer adoption.

Raj Jain, the former head of a joint venture between Walmart and Bharti Enterprises, has joined Bharti Retail as CEO.

Jain spent six years with the joint venture, Bharti Walmart, most recently serving as president of Walmart India. He left the joint venture in June 2013, four months before Walmart and Bharti announced they would independently pursue retail opportunities in India.

Joining Jain at Bharti Retail is his former joint venture colleague Panka Madan who will serve as CFO. Madan also served as CFO of Bharti Walmart but left the joint venture in 2012.