M&A Deal Summary

Knot Worldwide Acquires WeddingWire

On September 25, 2018, Knot Worldwide acquired internet software and services company WeddingWire from Catalyst Investors, Spectrum Equity and Permira

Acquisition Highlights
  • This is Knot Worldwide’s 8th transaction in the Internet Software and Services sector.
  • This is Knot Worldwide’s 9th transaction in the United States.
  • This is Knot Worldwide’s 1st transaction in Maryland.

M&A Deal Summary

Date 2018-09-25
Target WeddingWire
Sector Internet Software and Services
Buyer(s) Knot Worldwide
Sellers(s) Catalyst Investors
Spectrum Equity
Permira
Deal Type Merger

Target

WeddingWire

Bethesda, Maryland, United States
WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

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Buyer(S) 1

Buyer

Knot Worldwide

Chevy Chase, Maryland, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees661
Revenue 161M USD (2017)
DESCRIPTION

Knot Worldwide is a consumer internet and media company devoted to weddings, pregnancy and everything in between, providing couples and new parents with the trusted information, products and advice they need to guide them through the most transformative events of their lives. Knot Worldwide was formed in 1996 and is headquartered in Chevy Chase, Maryland.


DEAL STATS #
Overall 10 of 13
Sector (Internet Software and Services) 8 of 9
Type (Merger) 1 of 1
State (Maryland) 1 of 1
Country (United States) 9 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Veri

New York, New York, United States

Veri is a developer of a photo-sharing app focused on weddings and events that automatically shares photos from the user's built-in camera on their mobile device. Veri was founded in 2006 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Hitched

London, United Kingdom

Hitched Ltd. is a provider of wedding planning, advice, planning tools and a wedding vendor marketplace with thousands of wedding professionals. Since 1997, the brand has helped more than a million UK couples to plan their perfect wedding.

Buy -

Seller(S) 3

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 32 of 39
Sector (Internet Software and Services) 9 of 11
Type (Merger) 1 of 1
State (Maryland) 2 of 2
Country (United States) 31 of 37
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Videology

Baltimore, Maryland, United States

Videology, Inc. is an enterprise technology company for advertising and media companies. Its video platform allows brands, agencies and media companies to plan, serve, manage, and monitor video ad campaigns using features and specifications typical to TV, while taking advantage of the advanced targeting, optimization, and efficiencies of digital media.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Jobvite

Indianapolis, Indiana, United States

Jobvite is a provider of platform that infuses automation and intelligence into today’s expanded recruiting cycle to increase the speed, quality, and cost-effectiveness of talent acquisition. Jobvite is leading the next wave of recruitment innovation with Continuous Candidate Engagement (CCE), a candidate-centric recruiting model that helps companies engage candidates with meaningful experiences at the right time, in the right way, from first look to first day. Jobvite was founded in 2006 and is based in Indianapolis, Indiana.

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 52 of 76
Sector (Internet Software and Services) 9 of 18
Type (Merger) 4 of 4
State (Maryland) 2 of 2
Country (United States) 47 of 67
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Knot Worldwide

Chevy Chase, Maryland, United States

Knot Worldwide is a consumer internet and media company devoted to weddings, pregnancy and everything in between, providing couples and new parents with the trusted information, products and advice they need to guide them through the most transformative events of their lives. Knot Worldwide was formed in 1996 and is headquartered in Chevy Chase, Maryland.

Buy $933M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 SurveyMonkey

San Mateo, California, United States

SurveyMonkey specializes in online surveys and forms that empowers people with the insights they need to make decisions with speed and confidence. SurveyMonkey's intuitive feedback management platform connects millions of users worldwide with real-time AI-powered insights that drive meaningful decisions. SurveyMonkey was founded in 1999 and is based in Palo Alto, California.

Sell -
SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 68 of 89
Sector (Internet Software and Services) 3 of 5
Type (Merger) 1 of 1
State (Maryland) 1 of 1
Country (United States) 11 of 19
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Knot Worldwide

Chevy Chase, Maryland, United States

Knot Worldwide is a consumer internet and media company devoted to weddings, pregnancy and everything in between, providing couples and new parents with the trusted information, products and advice they need to guide them through the most transformative events of their lives. Knot Worldwide was formed in 1996 and is headquartered in Chevy Chase, Maryland.

Buy $933M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 AllTrails

San Francisco, California, United States

AllTrails is a digital guide to the outdoors. AllTrails helps people explore the outdoors with the largest collection of detailed, hand-curated trail maps as well as trail reviews and photos crowdsourced from its community of over 9 million hikers, mountain bikers, and trail runners. AllTrails was founded in 2010 and is based in San Francisco, California.

Buy -