M&A Deal Summary

Allconnect Acquires WhiteFence

On November 18, 2013, Allconnect acquired internet software and services company WhiteFence from Adams Street Partners

Acquisition Highlights
  • This is Allconnect’s 1st transaction in the Internet Software and Services sector.
  • This is Allconnect’s 1st transaction in the United States.
  • This is Allconnect’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-11-18
Target WhiteFence
Sector Internet Software and Services
Buyer(s) Allconnect
Sellers(s) Adams Street Partners
Deal Type Add-on Acquisition

Target

WhiteFence

Houston, Texas, United States
WhiteFence, Inc. is an online marketing company focused in the home services vertical. It operates a nationwide online marketplace for consumers to comparatively evaluate and purchase a broad array of home services uniquely tailored to their specific needs, and aligned with the provider alternatives at their home address. The company’s product offerings include essential home services such as telephone, cable and satellite television, high speed Internet, electricity, natural gas, and home security.

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Buyer(S) 1

Buyer

Allconnect

Atlanta, Georgia, United States

Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Allconnect, Inc. offers customers a convenient single source to compare and connect integrated media, broadband, home protection, energy and green products. Allconnect’s services are available at allconnect.com, through utility and energy companies representing over 50 million households, and via affiliates. Through more than 20 million annual consumer touch points, the company acquires customers, increases revenue and generates higher customer satisfaction for its partners. Allconnect’s 2016 customer satisfaction score of 86, as measured by the American Customer Satisfaction Index (ACSI), is the second-highest score of the publicly measured companies in 2016. Founded in 1998, Allconnect is headquartered in Atlanta, Georgia, with offices in Lexington, Kentucky and St. George, Utah.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

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 43 of 101
Sector: Internet Software and Services M&A 6 of 17
Type: Add-on Acquisition M&A Deals 21 of 54
State: Texas M&A 5 of 9
Country: United States M&A 39 of 93
Year: 2013 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-06 Barracuda Networks

Campbell, California, United States

Barracuda Networks is a provider of security, networking and storage products based on network appliances and cloud service. Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. Barracuda Networks was founded in 2003 and is based in Campbell, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Rempex Pharmaceuticals

San Diego, California, United States

Rempex Pharmaceuticals, Inc. is a pharmaceutical company focused on the discovery and development of new antibacterial drugs to meet the growing clinical need created by multi-drug resistant bacterial pathogens.

Sell -