Investment Summary

Exits Bankrate

On May 1, 1999, invested in information services company Bankrate from Antares Capital

Investment Highlights
  • This is transaction in the Information Services sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • Bankrate was sold to a financial buyer in 2009 for 571M USD.
  • Bankrate went public in 2011.
  • Bankrate was sold to a strategic buyer in 2017 for 1.4B USD.

Investment Summary

Date 1999-05-01
Target Bankrate
Sector Information Services
Sellers(s) Antares Capital
Deal Type IPO

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.

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Seller(S) 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 12 of 39
Sector (Information Services) 1 of 1
Type (IPO) 5 of 5
State (New York) 2 of 4
Country (United States) 11 of 38
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-05 Crystal Dynamics

Redwood City, California, United States

Game software for high-end platforms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Clear-to-Send Electronics

Gaithersburg, Maryland, United States

Clear-to-Send Electronics, Inc. is a Data communications and network products and communications test equipment.

Sell -