M&A Deal Summary

Fidelity Investments Acquires Shoobx

On January 10, 2023, Fidelity Investments acquired business services company Shoobx

Acquisition Highlights
  • This is Fidelity Investments’ 1st transaction in the Business Services sector.
  • This is Fidelity Investments’ 3rd transaction in the United States.
  • This is Fidelity Investments’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2023-01-10
Target Shoobx
Sector Business Services
Buyer(s) Fidelity Investments
Deal Type Add-on Acquisition

Target

Shoobx

Boston, Massachusetts, United States
Shoobx is an equity management company that is reshaping how private companies get started, raise capital and exit. By focusing on data integrity and risk reduction, the company's flexible platform streamlines everything from employee onboarding to issuing equity grants to maintaining a dynamic cap table, enabling companies to grow rapidly while staying financing-ready. Thousands of startup leaders, investors, and attorneys rely on it to get paperwork right the first time and make legal diligence fast and easy. Shoobx is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Fidelity Investments

Boston, Massachusetts, United States

Category Company
Founded 1946
Sector Financial Services
Employees41,000
DESCRIPTION
Fidelity Investments branch office in Chicago, Illinois.
Fidelity Investments branch office in Chicago, Illinois.

Fidelity Investments (FMR LLC) is a US-based financial services corporation offering mutual fund, asset management, and brokerage services worldwide. The Firm was formed in 1946 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 NovoEd

San Francisco, California, United States

NovoEd, Inc. is a provider of social and collaborative learning for the enterprise. NovoEd’s cloud-based learning platform enables the creation, curation, and delivery of engaging learning experiences that enable business transformation and improve individual and organizational performance. NovoEd’s customers include mid-size enterprises, Fortune 500 companies, and executive education providers.

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