Investment Summary

Lake Capital Exits OneWed

On October 28, 2010, invested in consumer services company OneWed from Lake Capital

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.

Investment Summary

Date 2010-10-28
Target OneWed
Sector Consumer Services
Sellers(s) Lake Capital
Deal Type Trade Sale

Target

OneWed

Chicago, Illinois, United States
Founded in 2003, OneWed.com began as a general online wedding planning resource for brides. Seizing a market opportunity to seamlessly connect informed, qualified brides with local wedding vendors, OneWed re-launched in October 2008 with the largest, most comprehensive list of over 200,000 local wedding professionals--from photographers and florists to reception sites and cake bakers--and the functionality to rate and provide detailed reviews of all vendors. The new re-branded OneWed, offers honest, irreverent bridal advice, bridal communities, a gallery of wedding styles and designers, real wedding stories from OneWed members, the OneWed Vendor Network, and an online store. OneWed boasts 500,000 monthly brides viewing over 3 million pages.

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Seller(S) 1

SELLER

Lake Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lake Capital is a private equity firm that targets a limited number of middle-market, service-based companies. The firm typically allocates $50 to $75 million equity to each portfolio company initiative. However, with seller financing, third-party debt, and co-investment opportunities, significant capital (in addition to the initial equity allocation) is available to each initiative. The service-based businesses the firm pursues include marketing services, finance-related services, specialty services, healthcare services, consumer services, technology services, business process outsourcing services, and marketing services. The firm is typically interested in buyout, partnership and start-up opportunities. Lake Capital was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 24
Sector: Consumer Services M&A 1 of 1
Type: Trade Sale M&A Deals 6 of 6
State: Illinois M&A 2 of 4
Country: United States M&A 12 of 23
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-20 Hudson Energy Services

Suffern, New York, United States

Hudson Energy Services is a competitive supplier of electricity and natural gas to commercial, industrial and residential customers in deregulated states. The company was founded in December 2002 to capitalize on the market opportunity presented by the deregulation of retail energy markets.

Sell USD304M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Viamedia

Lexington, Kentucky, United States

Viamedia is an independent sales organization of local advertising services for U.S. cable and telecommunications service providers. Viamedia was founded in 2001 and is based in Lexington, Kentucky.

Buy -