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 83
M&A Advisors 8

Spectrum Equity

Spectrum Equity Management, L.P.

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

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

150

Enterprise Value

values in millions of USD

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

Year

≤ '19

'20

'21

'22

'23

'24

Buy (3.6/yr)

101

vol

$4.7B

$156M

$4.9B

Sell (4.0/yr)

vol

$24.1B

$2.8B

$532M

$27.4B

177

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 >>

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 >>

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

Company

Acquired

Add-On/Sale

Date

The Knot Worldwide Inc.

2018-09-25

Veri, Inc.

2024-09-11

Chevy Chase, Maryland · www.theknotww.com

New York, New York · www.veri.com

Everly Health, Inc.

2021-03-24

PWNHealth LLC

2021-03-24

Austin, Texas · www.everlyhealth.com

New York, New York · www.pwnhealth.com

The Knot Worldwide Inc.

2018-09-25

Hitched Ltd.

2020-02-03

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

Chevy Chase, Maryland · www.theknotww.com

Bethesda, Maryland · www.weddingwire.com

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

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

$1.1B

102

$4.9B

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%)
	Connecticut	-	-	2 (2%)	-
	Colorado	-	-	2 (2%)	-
	Kentucky	-	-	2 (2%)	-
	Kansas	-	-	2 (2%)	-
	Florida	-	-	2 (2%)	-
	Arkansas	1 (3%)	-	1 (1%)	-
	Oregon	1 (3%)	-	1 (1%)	-
	North Carolina	1 (3%)	-	1 (1%)	-
	Minnesota	1 (3%)	-	1 (1%)	-
	Georgia	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

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%)

Connecticut

2 (2%)

Colorado

2 (2%)

Kentucky

2 (2%)

Kansas

2 (2%)

Florida

2 (2%)

Arkansas

1 (3%)

1 (1%)

Oregon

1 (3%)

1 (1%)

North Carolina

1 (3%)

1 (1%)

Minnesota

1 (3%)

1 (1%)

Georgia

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

$1.1B

102

$4.9B

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

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

$1.1B

102

$4.9B

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

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

$26.4B

Financial	Deals
Rosenblatt Securities, Inc.	1
Lightning Partners LLC	1
Solomon Partners	1

Financial

Deals

Rosenblatt Securities, Inc.

Lightning Partners LLC

Solomon Partners

Legal	Deals
Latham & Watkins	10
Kirkland & Ellis	2
Choate Hall & Stewart	2

Legal

Deals

Latham & Watkins

Kirkland & Ellis

Choate Hall & Stewart

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)

buy

Total

> $1B

$2.8B

$100M to $1B

$2.0B

< $100M

$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)

sell

Total

> $1B

$20.1B

$100M to $1B

$7.3B

< $100M

$50M

TOTAL

$27.4B

Largest

BATS Global Markets, Inc.
$3.4B (2017-03-01)

		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%)

Deals

Acquired from

Investor(s)

8 (8%)

Strategic(s)

2 (2%)

Exited to

Investor(s)

13 (17%)

Strategic(s)

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.

Spectrum Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Spectrum Equity

Spectrum Equity Management, L.P.

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Brion Applegate

Adam Margolin

Benjamin Spero

Christopher Mitchell

Jeffrey Haywood

FAQ

When was Spectrum Equity founded?

What type of investor is Spectrum Equity?

Where is Spectrum Equity headquartered?

How much capital does Spectrum Equity have under management?

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