Investment Summary

Adams Street Partners Invests In SnagAJob

On January 1, 2006, asset manager Adams Street Partners invested in internet software and services company SnagAJob

Investment Highlights
  • This is Adams Street Partners’ 3rd transaction in the Internet Software and Services sector.
  • This is Adams Street Partners’ 22nd transaction in the United States.
  • This is Adams Street Partners’ 2nd transaction in Virginia.
Investment Fate
  • SnagAJob was sold to a consortium of financial buyers in 2016.
  • SnagAJob was sold to a strategic buyer in 2024.

Investment Summary

Date 2006-01-01
Target SnagAJob
Sector Internet Software and Services
Investor(s) Adams Street Partners
Deal Type Venture
Advisor(s) Croft & Bender (Financial)

Target

SnagAJob

Glen Allen, Virginia, United States
SnagAJob is an online community of hourly workers and a provider of workforce management solutions that allow employers to more effectively hire and manage their hourly workforce. SnagAJob was founded in 1999 and is based in Glen Allen, Virginia.

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Investor(S) 1

Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 152
Sector: Internet Software and Services M&A 3 of 32
Type: Venture M&A Deals 15 of 102
State: Virginia M&A 2 of 6
Country: United States M&A 22 of 140
Year: 2006 M&A 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Zalicus

Cambridge, Massachusetts, United States

Zalicus, Inc. is a biopharmaceutical company that discovers and develops novel treatments for patients suffering from pain and inflammation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 GlobeImmune

Louisville, Colorado, United States

GlobeImmune is a biopharmaceutical company that focuses on developing products for the treatment of cancer and infectious diseases based on its proprietary Tarmogen platform. GlobeImmune was founded in 1995 and is headquartered in Louisville, Colorado.

Buy -