M&A Deal Summary

Green Dot Acquires UniRush

On January 30, 2017, Green Dot acquired internet software and services company UniRush from The Carlyle Group for 147M USD

Acquisition Highlights
  • This is Green Dot’s 3rd transaction in the Internet Software and Services sector.
  • This is Green Dot’s 2nd largest (disclosed) transaction.
  • This is Green Dot’s 6th transaction in the United States.
  • This is Green Dot’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-01-30
Target UniRush
Sector Internet Software and Services
Buyer(s) Green Dot
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 147M USD
Advisor(s) William Blair (Financial)
Debevoise & Plimpton (Legal)

Target

UniRush

Chicago, Illinois, United States
UniRush LLC and its operating businesses RushCard, a leading online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a leading corporate payroll card provider.

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Buyer(S) 1

Buyer

Green Dot

Provo, Utah, United States

Category Company
Founded 1999
Sector Financial Services
Employees1,150
Revenue 1.7B USD (2024)
DESCRIPTION
Green Dot's corporate headquarters in Pasadena, California.
Green Dot's corporate headquarters in Pasadena, California.

Green Dot is an issuer of prepaid master and visa cards that provides reloading services. Green Dot Bank focuses on serving low and moderate income families with financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of retail stores, neighborhood financial service centers and via digital channels. Green Dot was founded in 1999 and is based in Provo, Utah.


DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Santa Barbara Tax Products Group

San Diego, California, United States

Santa Barbara Tax Products Group LLC is a provider of financial products and processing services to the tax preparation industry. TPG provides its services through third party tax preparation firms, including tax preparers and tax software providers.

Buy $320M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 318 of 488
Sector: Internet Software and Services M&A 14 of 17
Type: Add-on Acquisition M&A Deals 136 of 202
State: Illinois M&A 12 of 14
Country: United States M&A 189 of 261
Year: 2017 M&A 1 of 26
Size (of disclosed) 105 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Claritas

Ithaca, New York, United States

Claritas is a provider of consumer segmentation analysis for marketers. Claritas’ proprietary segmentation algorithm and differentiated access to data sources provide unique insights to businesses regarding their marketplace and consumers. Through Claritas’ core product, PRIZM® Premier Segmentation, clients are able to better understand where their consumers live, work, play, and shop for more effective and efficient marketing. Claritas was formed in 1971 and is based in Ithaca, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Golden Goose

Milan, Italy

Golden Goose is a designer of contemporary luxury casual wear and accessories, mostly known globally for its Golden Goose sneakers brand. Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands. Golden Goose was founded in 2000 and is based in Milan, Italy.

Buy -