M&A Deal Summary

ETrade Acquires Aperture Group

On July 25, 2016, ETrade acquired internet software and services company Aperture Group from General Atlantic for 725M USD

Acquisition Highlights
  • This is ETrade’s 3rd transaction in the Internet Software and Services sector.
  • This is ETrade’s 2nd largest (disclosed) transaction.
  • This is ETrade’s 5th transaction in the United States.
  • This is ETrade’s 1st transaction in Illinois.

M&A Deal Summary

Date 2016-07-25
Target Aperture Group
Sector Internet Software and Services
Buyer(s) ETrade
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 725M USD
Advisor(s) Evercore Group
Jefferies (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Aperture Group

Chicago, Illinois, United States
Aperture Group LLC (OptionsHouse) is a provider of online brokerage services.

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Buyer(S) 1

Buyer

ETrade

New York City, New York, United States

Category Company
Founded 1982
Sector Financial Services
Employees4,105
Revenue 2.9B USD (2018)
DESCRIPTION
E*TRADE Financial office branch in downtown Chicago, Illinois.
E*TRADE Financial office branch in downtown Chicago, Illinois.

E*TRADE Financial Corp. is a financial services company that provides online brokerage, investing, and related banking solutions. E*TRADE Financial was founded in 1982 and is based in New York, New York.


DEAL STATS #
Overall 5 of 5
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-14 Cake Financial

San Francisco, California, United States

Cake Financial Corp. is a site where you could import your investment data from multiple brokerages and share that information with other users.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 79 of 147
Sector (Internet Software and Services) 12 of 24
Type (Add-on Acquisition) 30 of 44
State (Illinois) 4 of 7
Country (United States) 42 of 75
Year (2016) 4 of 7
Size (of disclosed) 12 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Insurity

Hartford, Connecticut, United States

Insurity provides innovative and flexible insurance technology that allows clients to meet their business goals and offer a simplified experience. With the market's most advanced cloud operations, Insurity's platform offers scalable, highly secure and reliable solutions that increase speed to value. Insurity was founded in 1971 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 PingPong

San Mateo, California, United States

PingPong is an online cross-border payment service provider for China-based eCommerce sellers. Their mission is to empower their customers to sell anywhere in the world. They are committed to bringing a simple and streamlined experience to their customers while providing value-added services to further grow their businesses. PingPong was founded in 2015 and is based in San Mateo, California.

Buy -