M&A Deal Summary |
|
|---|---|
| Date | 2010-06-01 |
| Target | iPay Technologies |
| Sector | Financial Services |
| Buyer(s) | Jack Henry |
| Sellers(s) | Spectrum Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 300M USD |
| Advisor(s) | William Blair (Financial) Choate Hall & Stewart (Legal) |
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| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Information Technology |
| Employees | 7,120 |
| Revenue | 2.1B USD (2023) |
Jack Henry is a provider of integrated technology solutions and data processing services to financial institutions including commercial banks and credit unions. Jack Henry was founded in 1976 and is based in Monett, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 13 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 13 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 4 of 13 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-01 |
Alogent
Peachtree Corners, Georgia, United States Alogent provides end-to-end payment processing, content management, digital banking, and loan origination technologies to financial institutions, currently including over 2,400 credit unions, community and regional banks, and some of the largest national and international institutions. Alogent was founded in 1995 and is based in Peachtree Corners, Georgia. |
Buy | $42M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-28 |
Pemco Technology Services
Seattle, Washington, United States Pemco Technology Services is a provider of payment processing solutions and outstanding client care and service. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 21 of 76 |
| Sector (Financial Services) | 2 of 4 |
| Type (Add-on Acquisition) | 13 of 45 |
| State (Kentucky) | 1 of 2 |
| Country (United States) | 20 of 67 |
| Year (2010) | 1 of 3 |
| Size (of disclosed) | 21 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-11-01 |
Ancestry
Provo, Utah, United States Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-05 |
NetQuote
Denver, Colorado, United States NetQuote, Inc. is a provider of consumers with a free, simple, and effective way to fulfill their insurance shopping needs. NetQuote works with hundreds of partner companies that provide insurance quotes based on information that you supply. |
Sell | $205M |
