M&A Deal Summary

Northwestern Mutual Life Insurance Company Acquires LearnVest

On March 25, 2015, Northwestern Mutual Life Insurance Company acquired internet software and services company LearnVest from Claritas Capital

Acquisition Highlights
  • This is Northwestern Mutual Life Insurance Company’s 1st transaction in the Internet Software and Services sector.
  • This is Northwestern Mutual Life Insurance Company’s 1st transaction in the United States.
  • This is Northwestern Mutual Life Insurance Company’s 1st transaction in New York.

M&A Deal Summary

Date 2015-03-25
Target LearnVest
Sector Internet Software and Services
Buyer(s) Northwestern Mutual Life Insurance Company
Sellers(s) Claritas Capital
Deal Type Add-on Acquisition

Target

LearnVest

New York, New York, United States
LearnVest is a financial planning platform company. They offer LearnVest Program and LearnVest, which helps households to take control of their money.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Northwestern Mutual Life Insurance Company

Milwaukee, Wisconsin, United States

Category Company
Founded 1857
Sector Insurance
DESCRIPTION

Northwestern Mutual and its subsidiaries offers a variety of financial services including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 3 of 11
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 8
State: New York M&A 1 of 1
Country: United States M&A 3 of 11
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 BuyHappy

Nashville, Tennessee, United States

BuyHappy provides online shopping and created an online retail marketplace connecting with consumers, retailers, and brands at the point of purchase. BuyHappy is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 Search Group Partners

Salt Lake City, Utah, United States

Search Group Partners, Inc. is a recruiting firm, offering professional talent acquisition and consulting services that include: temporary, temporary-to-hire, permanent placement, executive search, human resources consulting, interim management transitions, on-site solutions, and talent development. Search Group Partners was founded in 2012 and is based in Salt Lake City, Utah.

Buy -