M&A Deal Summary

Intersections Acquires Chartered Marketing Services

On June 12, 2006, Intersections acquired financial services company Chartered Marketing Services from TA Associates and Spectrum Equity for 50M USD

Acquisition Highlights
  • This is Intersections’ 1st transaction in the Financial Services sector.
  • This is Intersections’ largest (disclosed) transaction.
  • This is Intersections’ 2nd transaction in the United States.
  • This is Intersections’ 1st transaction in Illinois.

M&A Deal Summary

Date 2006-06-12
Target Chartered Marketing Services
Sector Financial Services
Buyer(s) Intersections
Sellers(s) TA Associates
Spectrum Equity
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Chartered Marketing Services

Arlington Heights, Illinois, United States
Chartered Marketing Services, Inc. is a provider of investments and group benefits solutions for commercial employer groups of all kinds, including bona fide fringe benefits offerings for Davis Bacon Act and Service Contract Act contractor employers.

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Buyer(S) 1

Buyer

Intersections

Chantilly, Virginia, United States

Category Company
Founded 1996
Sector Insurance
Employees478
Revenue 204M USD (2015)
DESCRIPTION

Intersections, Inc. is a provider of consumer and corporate identity risk management services.


DEAL STATS #
Overall 2 of 6
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Illinois) 1 of 2
Country (United States) 2 of 6
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-12 American Background Information Services

Winchester, Virginia, United States

American Background Information Services, Inc. is a provider of pre-employment background checks and personnel risk management services. American Background's core services include a variety of risk management tools, including criminal background checks, driving records, employment verification and reference checks, as well as drug testing and credit history checks.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Captira Analytical

Albany, New York, United States

Captira Analytical LLC is a provider of cloud based risk management tools for the bail bond industry. Captira Analytical solutions deliver advanced tools and resources for bail bond businesses needing easy-to-use, instant access to databases with comprehensive information needed to take greater control, make more informed decisions, and lower risk for your business.

Buy -

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 104 of 255
Sector (Financial Services) 12 of 31
Type (Add-on Acquisition) 61 of 130
State (Illinois) 6 of 11
Country (United States) 101 of 206
Year (2006) 5 of 11
Size (of disclosed) 63 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 eSecLending

Boston, Massachusetts, United States

eSecLending is an independent securities lending agent providing customized securities lending, auction and collateral management solutions for institutional investors worldwide. eSecLending was founded in 2000 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-20 Mythic Entertainment

Fairfax, Virginia, United States

Mythic Entertainment, Inc. is a developer of online gaming.

Sell -
SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 13 of 76
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 9 of 45
State (Illinois) 2 of 5
Country (United States) 12 of 67
Year (2006) 1 of 1
Size (of disclosed) 27 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Arrowhead General Insurance Agency

San Diego, California, United States

Arrowhead General Insurance Agency, Inc. is a national insurance program manager and one of the largest managing general agents in the property and casualty insurance industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-28 Leaf Group

Santa Monica, California, United States

Leaf Group is a diversified Internet company with online media properties (eHow, LIVESTRONG.com and Cracked) and marketplace platforms (Society6 and Saatchi Art) that enable communities of creators to reach passionate audiences in large and growing lifestyle categories. Leaf Group was founded in 2006 and is based in Santa Monica, California.

Buy -