M&A Deal Summary

Red Ventures Acquires Bankrate

On July 3, 2017, Red Ventures acquired information services company Bankrate for 1.4B USD

Acquisition Highlights
  • This is Red Ventures’ 1st transaction in the Information Services sector.
  • This is Red Ventures’ largest (disclosed) transaction.
  • This is Red Ventures’ 3rd transaction in the United States.
  • This is Red Ventures’ 1st transaction in New York.

M&A Deal Summary
Date 2017-07-03
Target Bankrate
Sector Information Services
Buyer(s) Red Ventures
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Bankrate

New York, New York, United States
website
Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

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Buyer(S) 1

Buyer

Red Ventures

Fort Mill, South Carolina, United States

website

Category Company
Founded 2000
Sector Marketing
Employees950
DESCRIPTION

Red Ventures acquires customers for the world’s leading brands. Merging online marketing and sales with proprietary optimization technologies, Red Ventures generates new customers in large volumes for the top brands in home and business services. Red Ventures is only paid for results, offering its partners unparalleled market reach with limited exposure. Red Ventures was founded in 2000 and is based in Fort Mill, South Carolina.

DEAL STATS #
Overall 3 of 10
Sector (Information Services) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (New York) 1 of 1
Country (United States) 3 of 9
Year (2017) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Choose Energy

Plano, Texas, United States

Choose Energy, Inc. is an online energy marketplace that allows consumers to compare retail electricity plans and seamlessly enroll online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Allconnect

Atlanta, Georgia, United States

Allconnect, Inc. offers customers a convenient single source to compare and connect integrated media, broadband, home protection, energy and green products. Allconnect’s services are available at allconnect.com, through utility and energy companies representing over 50 million households, and via affiliates. Through more than 20 million annual consumer touch points, the company acquires customers, increases revenue and generates higher customer satisfaction for its partners. Allconnect’s 2016 customer satisfaction score of 86, as measured by the American Customer Satisfaction Index (ACSI), is the second-highest score of the publicly measured companies in 2016. Founded in 1998, Allconnect is headquartered in Atlanta, Georgia, with offices in Lexington, Kentucky and St. George, Utah.

Buy -
Mergr

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Company

Legal