M&A Deal Summary

LendingTree Acquires Dubond Infotech Services - Certain Assets

On January 9, 2019, LendingTree acquired information technology company Dubond Infotech Services - Certain Assets from Dubond Infotech Services for 499M USD

Acquisition Highlights
  • This is LendingTree’s 1st transaction in the Information Technology sector.
  • This is LendingTree’s largest (disclosed) transaction.
  • This is LendingTree’s 1st transaction in India.

M&A Deal Summary
Date 2019-01-09
Target Dubond Infotech Services - Certain Assets
Sector Information Technology
Buyer(s) LendingTree
Sellers(s) Dubond Infotech Services
Deal Type Divestiture
Deal Value 499M USD

Target

Dubond Infotech Services - Certain Assets

India
Dubond Infotech Services - Certain Assets comprises of assets related to Dubond Infotech Services LLP

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Buyer(S) 1

Buyer

LendingTree

Charlotte, North Carolina, United States
Category Company
Founded 1996
Sector Financial Services
Employees860
Revenue 672M USD (2023)
DESCRIPTION

LendingTree is an online lending exchange. LendingTree is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products. LendingTree was founded in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 ValuePenguin

New York City, New York, United States

ValuePenguin, Inc. is a personal finance website that conducts in-depth research & analysis on a variety of topics from insurance to credit cards. ValuePenguin was founded in 2013 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Dubond Infotech Services

Ahmedabad, India
Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

Dubond Infotech Services LLP is an IT services and solution provider company focused on providing custom software development, web/mobile application development, system wnhancement and maintenance, application testing and QA, data migration, data analytics and business intelligence process, and data processing services.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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