M&A Deal Summary

Siris Capital Group and Clearlake Capital Acquire Constant Contact

On February 10, 2021, private equity firms Siris Capital Group and Clearlake Capital acquired internet software and services company Constant Contact from Newfold Digital

Acquisition Highlights
  • This is Siris Capital Group’s 4th and Clearlake Capital’s 12th transaction in the Internet Software and Services sector.
  • This is Siris Capital Group’s 16th and Clearlake Capital’s 65th transaction in the United States.
  • This is Siris Capital Group’s 4th and Clearlake Capital’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2021-02-10
Target Constant Contact
Sector Internet Software and Services
Buyer(s) Siris Capital Group
Clearlake Capital
Sellers(s) Newfold Digital
Deal Type Divestiture

Target

Constant Contact

Waltham, Massachusetts, United States
Constant Contact is a provider of online marketing tools to generate repeat business and referrals through email marketing, social media marketing, event marketing, local deals, and online surveys. Constant Contact was founded in 1995 and is based in Waltham, Massachusetts.

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Buyer(S) 2

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 17 of 20
Sector (Internet Software and Services) 4 of 4
Type (Divestiture) 3 of 3
State (Massachusetts) 4 of 4
Country (United States) 16 of 18
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 VTX Telecom AG

Pully, Switzerland

VTX Telecom is an independent operator of national scope with a product portfolio that includes many innovative services such as Internet access, fixed telephony, and mobile, Web hosting, Cloud mainly intended for small and medium-sized enterprises (SMEs). The group is domiciled in Switzerland, in Pully near Lausanne. To meet its proximity commitments, the company relies on a network of branches in French-speaking and German-speaking Switzerland grouped together under the holding company VTX Telecom. VTX Telecom was formed in 1986 and is based in Pully.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Equiniti Group

West Sussex, United Kingdom

Equiniti Group is a UK provider of share registration and associated investor services. Equiniti Group was founded in 2007 and is based in West Sussex, United Kingdom.

Buy £673M
Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 68 of 88
Sector (Internet Software and Services) 12 of 14
Type (Divestiture) 6 of 9
State (Massachusetts) 4 of 6
Country (United States) 65 of 83
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 InvestCloud

West Hollywood, California, United States

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Newfold Digital

Jacksonville, Florida, United States
Category Company
Founded 1997
Sector Internet Software and Services
Revenue 1.1B USD (2019)
DESCRIPTION

Newfold Digital is a provider of shared web hosting services to small businesses. Newfield Digital helps customers of all sizes build a digital presence that delivers results. Newfold Digital has extensive product offerings and personalized support with customers to serve their online presence needs. Newfold Digital was founded in 1997 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Retention Science

Santa Monica, California, United States

Retention Science, Inc. is a provider of cloud based customer data platform that organizes all data across channels. Retention Science was founded in 2011 and is based in Santa Monica, California.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Yoast

Wijchen, Netherlands

Yoast is a search engine optimization (SEO) plugin provider for WordPress with over 12 million active installs makes it easier for everyone to get great results from their websites. Yoast was founded in 2010 and is based in Wijchen, Netherlands.

Buy -
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