M&A Deal Summary

Bankrate Acquires Caring

On May 7, 2014, Bankrate acquired internet software and services company Caring for 54M USD

Acquisition Highlights
  • This is Bankrate’s 5th transaction in the Internet Software and Services sector.
  • This is Bankrate’s 4th largest (disclosed) transaction.
  • This is Bankrate’s 8th transaction in the United States.
  • This is Bankrate’s 3rd transaction in California.

M&A Deal Summary
Date 2014-05-07
Target Caring
Sector Internet Software and Services
Buyer(s) Bankrate
Deal Type Add-on Acquisition
Deal Value 54M USD
Advisor(s) Moelis & Co. (Financial)

Target

Caring

San Mateo, California, United States
Caring, Inc. operates Caring.com, is a senior care resource for family caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. Caring.com provides helpful caregiving content, online support groups, and a comprehensive Senior Care Directory for the United States, with nearly 55,000 consumer ratings and reviews.

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Buyer(S) 1

Buyer

Bankrate

New York, New York, United States
Category Company
Founded 1976
Sector Information Services
Employees552
Revenue 371M USD (2015)
DESCRIPTION

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

DEAL STATS #
Overall 8 of 11
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 8 of 10
State (California) 3 of 4
Country (United States) 8 of 11
Year (2014) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 LeadKarma

Cambridge, Massachusetts, United States

LeadKarma is a digital marketing company that utilizes advanced data science to connect our clients with qualified consumers. We are currently focused on the auto and health insurance verticals

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Wallaby Financial

Pasadena, California, United States

Wallaby Financial, Inc. is a provider of credit card data and consumer financial information applications. Powered by CardBase™, a proprietary database of more than 2,000 credit card profiles, and Wallaby's unique real-time optimization algorithms, Wallaby's product suite helps consumers to earn more rewards and save more money. Wallaby informs consumers about which card to use when shopping, and helps them find the best credit card to add to their wallets by taking into account rewards, fees, interest rates and more financial data. Wallaby products are available for Web, iPhone, Android, wearables, and more.

Buy -
Mergr

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