Investment Summary

Simon Equity Partners Invests In ChaCha

On November 1, 2006, growth capital firm Simon Equity Partners invested in internet software and services company ChaCha

Investment Highlights
  • This is Simon Equity Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Simon Equity Partners’ 3rd transaction in the United States.
  • This is Simon Equity Partners’ 1st transaction in Indiana.
Investment Fate
  • ChaCha was sold to a financial buyer in 2016.

Investment Summary

Date 2006-11-01
Target ChaCha
Sector Internet Software and Services
Investor(s) Simon Equity Partners
Deal Type Venture

Target

ChaCha

Carmel, Indiana, United States
ChaCha is a search engine that can instantly connect users to a live person to assist with searches. ChaCha offers free mobile answers service, allows users to call 1-800-2ChaCha™ or text questions to ChaCha (242242™) on mobile phones and receive answers within minutes. ChaCha was founded in 2006 and is based in Carmel, Indiana.

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Investor(S) 1

Investor

Simon Equity Partners

Larkspur, California, United States

Investor Investor


Category Growth Capital Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Simon Equity Partners LLC is a private equity firm focused on making growth capital investments in the consumer sector. The Firm looks to invest in profitable, growth-oriented companies with high-margin/differentiated products. Simon seeks investments of $2 to $10 million in businesses generating $5 to $20 million in sales. Specific areas of interest includes apparel, food and beverages, health and wellness, home care, hospitality, beauty & personal care, specialty retail, sustainability, restaurants, and food services. Simon Equity Partners LLC is the investment arm of Simon Property Group, the publicly traded real estate firm. Simon Equity Partners LLC is based in San Francisco, California.


DEAL STATS #
Overall 3 of 10
Sector: Internet Software and Services M&A 2 of 2
Type: Venture M&A Deals 2 of 5
State: Indiana M&A 1 of 1
Country: United States M&A 3 of 9
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Daisy d/b/a MOG Inc

Santa Monica, California, United States

MOG is a company conceived and run by music fans who share one simple goal: to create the perfect destination for music lovers to learn about and discover music.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Gracenote

Emeryville, California, United States

Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

Sell $260M