Investment Summary

Catalyst Investors, Spectrum Equity and Permira Invest In WeddingWire

On September 25, 2012, venture capital firm Catalyst Investors, private equity firm Spectrum Equity and private equity firm Permira invested in internet software and services company WeddingWire

Investment Highlights
  • This is Catalyst Investors’ 9th, Spectrum Equity’s 7th and Permira’s 2nd transaction in the Internet Software and Services sector.
  • This is Catalyst Investors’ 40th, Spectrum Equity’s 36th and Permira’s 8th transaction in the United States.
  • This is Catalyst Investors’ 1st, Spectrum Equity’s 1st and Permira’s 1st transaction in Maryland.
Investment Fate
  • WeddingWire merged with another company in 2018.

Investment Summary

Date 2012-09-25
Target WeddingWire
Sector Internet Software and Services
Investor(s) Catalyst Investors
Spectrum Equity
Permira
Deal Type Growth Capital

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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Investor(S) 3

Investor

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 42 of 54
Sector: Internet Software and Services M&A 9 of 18
Type: Growth Capital M&A Deals 7 of 9
State: Maryland M&A 1 of 2
Country: United States M&A 40 of 52
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Datavail

Boulder, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Ascentis

Eden Prairie, Minnesota, United States

Ascentis is a provider of cloud-based, software-as-a-service (SaaS) human capital management (HCM) solutions and integrated payroll services. Ascentis offers a comprehensive, end-to-end suite of human resources, benefits, payroll, timekeeping, and talent management products to more than 1,000 customers throughout the U.S. and Canada. The company’s SaaS-based solutions increase productivity by automating HR and payroll processes, reducing costs, providing meaningful insights into organizational trends, and empowering employees in all aspects of the HR and benefits process. Ascentis was founded in 1994 and is based in Eden Prairie, Minnesota.

Buy -
Investor

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 42 of 103
Sector: Internet Software and Services M&A 7 of 36
Type: Growth Capital M&A Deals 10 of 53
State: Maryland M&A 1 of 4
Country: United States M&A 36 of 90
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-12 Net Health

Pittsburgh, Pennsylvania, United States

Net Health is a provider of software solutions for specialized outpatient care. Net Health offers EHR solutions serve five medical specialty markets and offer clients an end-to-end solution that includes practice management tools, clinical workflow documentation, revenue cycle management, expert coaching, and analytics. Net Health was founded in 1993 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Ancestry

Lehi, Utah, United States

Ancestry 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 Ancestry Health. Ancestry was founded in 1990 and is based in Lehi, Utah.

Buy $1.6B
Investor

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B 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 79 of 171
Sector: Internet Software and Services M&A 2 of 22
Type: Growth Capital M&A Deals 3 of 10
State: Maryland M&A 1 of 2
Country: United States M&A 8 of 48
Year: 2012 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 Food & Life Companies

Suita, Japan

Food & Life Companies operates sushi restaurants in Japan and greater Asia. It was positioned in the value format revolving sushi segment (in which the product moves on a conveyor belt). The company operates more than 450 sushi restaurants in Japan and 7 in Korea. Food & Life Companies was founded in 1975 and is based in Suita, Japan.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Ancestry

Lehi, Utah, United States

Ancestry 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 Ancestry Health. Ancestry was founded in 1990 and is based in Lehi, Utah.

Buy $1.6B