M&A Deal Summary

Online Resources Acquires Princeton eCom

On July 5, 2006, Online Resources acquired business services company Princeton eCom from CCP Equity Partners for 180M USD

Acquisition Highlights
  • This is Online Resources’ 1st transaction in the Business Services sector.
  • This is Online Resources’ largest (disclosed) transaction.
  • This is Online Resources’ 1st transaction in the United States.
  • This is Online Resources’ 1st transaction in Virginia.

M&A Deal Summary

Date 2006-07-05
Target Princeton eCom
Sector Business Services
Buyer(s) Online Resources
Sellers(s) CCP Equity Partners
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Princeton eCom

Chantilly, Virginia, United States
Princeton eCom Corp is a provider of electronic payment solutions to more than 1,400 financial institutions and 1,600 corporate billers. Its integrated suite of payment solutions bridges the CSP and BSP markets, providing electronic payment consolidation, convenience payments and bill presentment services.

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Buyer(S) 1

Buyer

Online Resources

Chantilly, Virginia,

Category Company
Founded 1989
Sector Information Technology
Employees550
Revenue 131M USD (2012)
DESCRIPTION

Online Resources Corporation powers financial interactions between millions of consumers and the company’s financial institution and biller clients. Backed by its proprietary real-time payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 15 of 25
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 8 of 17
State (Virginia) 1 of 1
Country (United States) 12 of 22
Year (2006) 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 RelayHealth

Atlanta, Georgia, United States

RelayHealth Corporation is the premier provider of secure online healthcare communication services linking patients, healthcare professionals, payors, and pharmacies. RelayHealth's Internet-based, doctor-patient communication platform connects doctors and their patients efficiently, affordably, and securely. Tuned for both the small and large group practice environment, the RelayHealth® service improves and streamlines healthcare delivery and access through modular features, including the webVisit®.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 Zoologic

New York, New York, United States

Zoologic is the leading developer of online learning for financial professionals. The firm's client base includes more than 350 investment firms, banks, corporations, governmental agencies and universities in over 45 countries. The Zoologic library of courses is designed for seasoned professionals wanting to educate themselves in complex topics, as well as people new to finance needing to learn everything, starting with the basics. Its courses cover a broad range of topic areas including finance basics, corporate finance, equity, fixed income, foreign exchange, risk management, derivatives, credit risk, investment management and statistics.

Sell -