M&A Deal Summary

Red Ventures Acquires Allconnect

On September 7, 2017, Red Ventures acquired internet software and services company Allconnect from Escalate Capital

Acquisition Highlights
  • This is Red Ventures’ 2nd transaction in the Internet Software and Services sector.
  • This is Red Ventures’ 4th transaction in the United States.
  • This is Red Ventures’ 1st transaction in Georgia.

M&A Deal Summary

Date 2017-09-07
Target Allconnect
Sector Internet Software and Services
Buyer(s) Red Ventures
Sellers(s) Escalate Capital
Deal Type Add-on Acquisition
Advisor(s) Petsky Prunier (Financial)
Winston & Strawn (Legal)

Target

Allconnect

Atlanta, Georgia, United States
Allconnect, Inc. offers customers a convenient single source to compare and connect integrated media, broadband, home protection, energy and green products. Allconnect’s services are available at allconnect.com, through utility and energy companies representing over 50 million households, and via affiliates. Through more than 20 million annual consumer touch points, the company acquires customers, increases revenue and generates higher customer satisfaction for its partners. Allconnect’s 2016 customer satisfaction score of 86, as measured by the American Customer Satisfaction Index (ACSI), is the second-highest score of the publicly measured companies in 2016. Founded in 1998, Allconnect is headquartered in Atlanta, Georgia, with offices in Lexington, Kentucky and St. George, Utah.

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Buyer(S) 1

Buyer

Red Ventures

Fort Mill, South Carolina, United States

Category Company
Founded 2000
Sector Marketing
Employees950
DESCRIPTION

Red Ventures operates a portfolio of influential brands, digital platforms, and strategic partnerships that work together to connect millions of people with expert advice. Red Ventures was founded in 2000 and is based in Fort Mill, South Carolina.


DEAL STATS #
Overall 4 of 10
Sector (Internet Software and Services) 2 of 5
Type (Add-on Acquisition) 3 of 5
State (Georgia) 1 of 1
Country (United States) 4 of 9
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Bankrate

New York, New York, United States

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 RVU

London, United Kingdom

RVU empowers people to make confident decisions with its unique set of brands, the excitement of a startup, and the strength of well-established, trusted household names. Uswitch.com is a comparison website for home services switching, helping consumers save money on their gas, electricity, broadband, TV, and phone. Confused.com is an insurance comparison platform that pioneering the way consumers make choices about financial services. Money.co.uk is a comparison website for financial services. Consumers can compare loans, credit cards, bank accounts, and insurance from more than 600 providers. Rastreator and LeLynx.fr are online comparison platforms in Spain and France respectively, helping consumers compare a range of financial services and home services products. Mojo Mortgages brings together smart tech and the best human mortgage experts to empower more consumers to access personalized mortgage recommendations. The company has the power to reach millions of consumers around the world, solving everyday complex problems through outstanding experiences. RVU was formed in 2000 and is based in London.

Buy -

Seller(S) 1

SELLER

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.


DEAL STATS #
Overall 24 of 37
Sector (Internet Software and Services) 6 of 9
Type (Add-on Acquisition) 13 of 24
State (Georgia) 3 of 3
Country (United States) 24 of 37
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Market Force

Peachtree Corners, Georgia, United States

Market Force is a global provider of customer experience management software and services, which capture customer experience data through multiple channels and provide location-based measurement and analytics. Market Force integrates this data into a cloud-based platform where clients can view, track, and analyze data in real time. Market Force was founded in 2005 and is based in Peachtree Corners, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Black Duck Software

Waltham, Massachusetts, United States

Black Duck Software, Inc. is a provider of automated solutions for securing and managing open source software, eliminating the pain related to security vulnerabilities, open source license compliance and operational risk. Black Duck Software, Inc. was founded in 2002 and is headquartered in Burlington, Massachusetts.

Sell $565M