M&A Deal Summary

Identity Digital Acquires Rightside Group

On June 14, 2017, Identity Digital acquired internet software and services company Rightside Group from Spectrum Equity for 213M USD

Acquisition Highlights
  • This is Identity Digital’s 1st transaction in the Internet Software and Services sector.
  • This is Identity Digital’s largest (disclosed) transaction.
  • This is Identity Digital’s 1st transaction in the United States.
  • This is Identity Digital’s 1st transaction in Washington.

M&A Deal Summary
Date 2017-06-14
Target Rightside Group
Sector Internet Software and Services
Buyer(s) Identity Digital
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 213M USD
Advisor(s) Barclays Investment Bank
Professional Bank Services Inc. (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Rightside Group

Kirkland, Washington, United States
website
Rightside Group Ltd. is a provider of domain name services, offering comprehensive platforms for the discovery, registration, usage and monetization of domain names. Rightside Group Ltd. was founded in 2013 and is headquartered in Kirkland, Washington.

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Buyer(S) 1

Buyer

Identity Digital

Bellevue, Washington, United States

website

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

Identity Digital is a domain name registry offering new domain names in multiple languages and character sets. Identity Digital simplifies and connects a fragmented online world with domain names and related technologies that allow people and businesses to build, market, and own their digital identities. Identity Digital was founded in 2010 and is based in Bellevue, Washington.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Afilias

Dublin, Ireland

Afilias Ltd. provides domain (TLD) registry services and managed DNS solutions in Ireland and internationally. Afilias is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 4.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.

DEAL STATS #
Overall 48 of 71
Sector (Internet Software and Services) 8 of 15
Type (Add-on Acquisition) 31 of 44
State (Washington) 2 of 3
Country (United States) 43 of 63
Year (2017) 2 of 4
Size (of disclosed) 24 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Verisys

Alexandria, Virginia, United States

Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Headspace

Los Angeles, California, United States

Headspace is an online and mobile provider of guided meditation sessions and mindfulness training. Through Headspace app, the company provides mindfulness tools for everyday life, including meditations, sleepcasts, mindful movement and focus exercises. Headspace was founded in 2010 and is based in Los Angeles, California.

Buy -
Mergr

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