Spectrum Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Spectrum Equity has acquired 2 companies. It has also invested in 11 others.

Spectrum Equity’s most common sectors for investment areinternet software and services (37%) and software (16%) . The Firm’s most common investment types include growth capital (51%) and buyout (lbo, mbo, mbi) (15%). In total, Spectrum Equity has invested in 25 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired Ancestry.com for $1.6B.

In the last 3 years, Spectrum Equity has exited 17 companies. The Firm’s most common exit type is trade sale (60%). Spectrum Equity’s largest (disclosed) exit occurred in 2017 when it sold BATS Global Markets for $3.4B.

Join Mergr to view Spectrum Equity’s full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity177
    • M&A Buy Activity101
    • M&A Sell Activity76
  • Total Sectors Invested 14
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 82
  • M&A Advisors 8

Spectrum Equity

Spectrum Equity Management, L.P.

1 International Place, 35th Floor,
Boston, Massachusetts 02110
United States
(617) 464-4600
www.spectrumequity.com

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 $150 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.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Consumer Services, Education, Engineering, Financial Services, Gaming, Healthcare Services, Information Services, Information Technology, Insurance, Internet Software and Services, Marketing, Media, Publishing, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Acquisition Financing

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 25 150
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.6/yr) # 83 5 6 4 3 - 101
vol $4.7B $156M $4.9B
Sell (4.0/yr) # 56 3 6 2 4 5 76
vol $24.1B $2.8B $532M $27.4B
  177

Most Recent M&A

Company Date Value Type
Visual Lease LLC 2024-10-22 - Trade Sale
Woodbridge, New Jersey · www.visuallease.com
OffSec Services Ltd. 2024-10-15 - Secondary Sale
New York, New York · www.offsec.com
The Expert Institute Group LLC 2024-09-30 - Secondary Sale
New York, New York · www.theexpertinstitute.com
Datassential, Inc. 2024-09-13 - Secondary Sale
Chicago, Illinois · www.datassential.com
Jimdo GmbH 2024-05-02 - Sold to Management
Hamburg, Germany · www.jimdo.com
Benchmark Mineral Intelligence Ltd. 2023-11-17 - Growth Capital
London, United Kingdom · www.benchmarkminerals.com
Animoto, Inc. 2023-08-22 - Trade Sale
New York, New York · www.animoto.com
VBA 2023-08-14 156M USD Buyout (LBO, MBO, MBI)
Germantown, Wisconsin · www.vbasoftware.com
Netcraft Ltd. 2023-07-01 - Growth Capital
London, United Kingdom · www.netcraft.com
Enrollease, Inc. 2023-04-04 - Trade Sale
San Francisco, California · www.ease.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
The Knot Worldwide Inc. 2018-09-25 Veri, Inc. 2024-09-11 1
Chevy Chase, Maryland · www.theknotww.com New York, New York · www.veri.com
Everly Health, Inc. 2021-03-24 PWNHealth LLC 2021-03-24 1
Austin, Texas · www.everlyhealth.com New York, New York · www.pwnhealth.com
The Knot Worldwide Inc. 2018-09-25 Hitched Ltd. 2020-02-03 4
Chevy Chase, Maryland · www.theknotww.com London, United Kingdom · www.hitched.co.uk
The Knot Worldwide Inc. 2018-09-25 WeddingWire, Inc. 2018-09-25 3
Chevy Chase, Maryland · www.theknotww.com Bethesda, Maryland · www.weddingwire.com

M&A by Sector

Sector Current # Value All-time # Value
Internet Software and Services 19 (61%) 1.1B (100%) 37 (36%) 1.1B (22%)
Software 4 (13%) - 16 (16%) 213M (4%)
Information Services 2 (6%) - 8 (8%) 1.7B (35%)
Information Technology 3 (10%) - 8 (8%) -
Communications - - 7 (7%) 1.4B (29%)
Business Services 1 (3%) - 6 (6%) 200M (4%)
Education 1 (3%) - 4 (4%) -
Financial Services - - 4 (4%) -
Media - - 4 (4%) -
Healthcare Services 1 (3%) - 3 (3%) 232M (5%)
Marketing - - 2 (2%) -
Digital Media - - 1 (1%) -
Insurance - - 1 (1%) -
Publishing - - 1 (1%) -
Total 31 $1.1B 102 $4.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 28 (90%) 1.1B (100%) 89 (87%) 4.7B (95%)
  California 8 (26%) - 19 (19%) 200M (4%)
  New York 5 (16%) - 15 (15%) 122M (2%)
  Massachusetts 2 (6%) - 6 (6%) -
  Texas 2 (6%) - 5 (5%) 129M (3%)
  Illinois 1 (3%) - 5 (5%) -
  Maryland 2 (6%) 933M (86%) 4 (4%) 933M (19%)
  Utah 1 (3%) - 4 (4%) 1.6B (33%)
  Washington - - 3 (3%) -
  Pennsylvania - - 3 (3%) -
  Wisconsin 1 (3%) 156M (14%) 2 (2%) 240M (5%)
  Missouri 1 (3%) - 2 (2%) -
  New Jersey - - 2 (2%) 1.2B (25%)
  Tennessee - - 2 (2%) 232M (5%)
  Florida - - 2 (2%) -
  Connecticut - - 2 (2%) -
  Colorado - - 2 (2%) -
  Kentucky - - 2 (2%) -
  Kansas - - 2 (2%) -
  Georgia 1 (3%) - 1 (1%) -
  Arkansas 1 (3%) - 1 (1%) -
  Oregon 1 (3%) - 1 (1%) -
  North Carolina 1 (3%) - 1 (1%) -
  Minnesota 1 (3%) - 1 (1%) -
  Oklahoma - - 1 (1%) -
  New Hampshire - - 1 (1%) -
United Kingdom 2 (6%) - 6 (6%) -
Canada 1 (3%) - 2 (2%) -
  Ontario 1 (3%) - 1 (1%) -
  Newfoundland - - 1 (1%) -
France - - 1 (1%) 237M (5%)
Germany - - 1 (1%) -
Spain - - 1 (1%) -
Australia - - 1 (1%) -
Ireland - - 1 (1%) -
Domestic 28 (90%) 1.1B (100%) 89 (87%) 4.7B (95%)
Cross-border 3 (10%) - 13 (13%) 237M (5%)
Total 31 $1.1B 102 $4.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 22 (71%) - 52 (51%) -
Buyout (LBO, MBO, MBI) 2 (6%) 156M (14%) 15 (15%) 278M (6%)
Venture 4 (13%) - 9 (9%) -
Stake Purchase 1 (3%) - 7 (7%) -
Recapitalization - - 6 (6%) 84M (2%)
Going Private 1 (3%) 933M (86%) 5 (5%) 3.9B (79%)
Secondary Buyout - - 5 (5%) 432M (9%)
Divestiture 1 (3%) - 2 (2%) 237M (5%)
Merger - - 1 (1%) -
Total 31 $1.1B 102 $4.9B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 25 (33%) 18.9B (72%)
Trade Sale 19 (25%) 1.3B (5%)
Secondary Sale 12 (16%) 4.2B (16%)
IPO 12 (16%) -
Merger 5 (7%) 2.0B (8%)
Recapitalization 2 (3%) -
Sold to Management 1 (1%) -
Total 76 $26.4B

Top M&A Advisors

Financial Deals
Lightning Partners LLC
1
Solomon Partners
1
Triple Tree LLC
1
Legal Deals
Latham & Watkins
10
Choate Hall & Stewart
2
Kirkland & Ellis
2

Deal Values

buy # Total
> $1B 2 $2.8B
$100M to $1B 7 $2.0B
< $100M 1 $84M
TOTAL $4.9B
Largest Ancestry.com, Inc.
$1.6B (2012-10-22)
sell # Total
> $1B 9 $20.1B
$100M to $1B 17 $7.3B
< $100M 1 $50M
TOTAL $27.4B
Largest BATS Global Markets, Inc.
$3.4B (2017-03-01)

M&A Connections

Deals
Acquired from
Investor(s)
8%
8 (8%)
Strategic(s)
2%
2 (2%)
Exited to
Investor(s)
17%
13 (17%)
Strategic(s)
64%
49 (64%)

FAQ

When was Spectrum Equity founded?

Spectrum Equity was founded in 1994.

What type of investor is Spectrum Equity?

Spectrum Equity is a private equity firm.

Where is Spectrum Equity headquartered?

Spectrum Equity is headquartered in Boston, Massachusetts.

How much capital does Spectrum Equity have under management?

Spectrum Equity has 8.2B USD under management.

 Subscribe to unlock this and 209,180
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.