M&A Deal Summary

Ambassadors Group Acquires BookRags

On May 21, 2008, Ambassadors Group acquired internet software and services company BookRags for 18M USD

Acquisition Highlights
  • This is Ambassadors Group’s 1st transaction in the Internet Software and Services sector.
  • This is Ambassadors Group’s largest (disclosed) transaction.
  • This is Ambassadors Group’s 1st transaction in the United States.
  • This is Ambassadors Group’s 1st transaction in Washington.
Investment Fate
  • BookRags was divested to a consortium of strategic buyers in 2014.

M&A Deal Summary

Date 2008-05-21
Target BookRags
Sector Internet Software and Services
Buyer(s) Ambassadors Group
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

BookRags

Seattle, Washington, United States
BookRags, Inc. is a provider of online book summaries and notes.

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Buyer(S) 1

Buyer

Ambassadors Group

Spokane, Washington, United States

Category Company
Founded 1967
Sector Education
Employees155
Revenue 39M USD (2014)
DESCRIPTION

Ambassadors Group, Inc. was an education and student travel company. Ambassadors was formed in 1967 and was headquartered in Spokane, Washington. The Company was dissolved in 2015.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-05 BookRags

Seattle, Washington, United States

BookRags, Inc. is a provider of online book summaries and notes.

Sell -