M&A Deal Summary

LexisNexis Acquires Seisint

On July 14, 2004, LexisNexis acquired business services company Seisint from Spectrum Equity for 775M USD

Acquisition Highlights
  • This is LexisNexis’ 1st transaction in the Business Services sector.
  • This is LexisNexis’ largest (disclosed) transaction.
  • This is LexisNexis’ 3rd transaction in the United States.
  • This is LexisNexis’ 1st transaction in Florida.

M&A Deal Summary

Date 2004-07-14
Target Seisint
Sector Business Services
Buyer(s) LexisNexis
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 775M USD

Target

Seisint

Boca Raton, Florida, United States
website
Seisint, Inc. provided information products and processing services that allowed organizations to quickly and easily extract knowledge from extremely large databases. The company's proprietary data-linking algorithms allowed customers to cost effectively scan a data repository of billions of records in a fraction of a second, correlate and filter the information, and generate results highly useful for risk mitigation

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Buyer(S) 1

Buyer

LexisNexis

New York, New York, United States

website


Category Company
Founded 1973
Sector Information Services
DESCRIPTION

LexisNexis a provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis was formed in 1973 and is headquartered in New York, New York.


DEAL STATS #
Overall 3 of 15
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 3 of 12
State (Florida) 1 of 1
Country (United States) 3 of 11
Year (2004) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-12 Verilaw Technologies

Albany, New York, United States

Verilaw Technologies, Inc. is a leading provider of electronic filing and case management services to law firms and court systems. Their unique service saves customers time and money and reduces the amount of paper copying and filing necessary in multi-party cases. Most of the top 100 litigation firms in the United States use Verilaw.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Bloomsbury Professional

Haywards Heath, United Kingdom

Bloomsbury Professional Ltd. is a publisher of high quality books and digital products for lawyers, tax practitioners, accountants and business professionals.

Sell -

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 10 of 70
Sector (Business Services) 3 of 7
Type (Add-on Acquisition) 8 of 43
State (Florida) 1 of 3
Country (United States) 10 of 63
Year (2004) 2 of 2
Size (of disclosed) 11 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 AMC

Leawood, Kansas, United States

AMC is a theatrical exhibition company. The Company operates more then 400 locations across North America and China. AMC was incorporated in 1920 and is based in Leawood, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Canon Communications

Los Angeles, California, United States

Canon Communications LLC provides IT infrastructure and professional services in Germany and internationally. The company operates in two segments, e-commerce/trade and IT solutions. The e-commerce/trade segment comprises activities based on online, catalogue, telephone, and direct sales of its products. The IT solutions segment offers IT infrastructure and application support services, including IT strategy advice, project planning and implementation, system integration, maintenance, and training services, as well as various services, such as running IT departments.

Buy $200M