Divestiture • Internet Software and Services

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 Context
  • This is Siris Capital Group’s 6th and Clearlake Capital’s 12th transaction in the Internet Software and Services sector.
  • This is Siris Capital Group’s 17th and Clearlake Capital’s 66th transaction in the United States.
  • This is Siris Capital Group’s 4th and Clearlake Capital’s 5th transaction in Massachusetts.

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M&A Deal Summary

Date February 10, 2021
Target Constant Contact
Sector Internet Software and Services
Buyer(s) Siris Capital Group
Clearlake Capital
Sellers(s) Newfold Digital
Deal Type Divestiture

Target Company

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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Buyers Overview 2

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 5.9B USD
Size Mega
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 $500 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 Context for Buyer #
Overall 18 of 21
Sector: Internet Software and Services 6 of 6
Type: Divestiture 3 of 3
State: Massachusetts 4 of 4
Country: United States 17 of 19
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Web.com

Jacksonville, Florida, United States

Web.com is a provider of website-building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. Web.com was formed in 1997 and is headquartered in Jacksonville, Florida.

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 90.0B 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 Context for Buyer #
Overall 69 of 93
Sector: Internet Software and Services 12 of 14
Type: Divestiture 6 of 9
State: Massachusetts 5 of 8
Country: United States 66 of 88
Year: 2021 2 of 10
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 Profile 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 Context for Seller #
Overall 1 of 2
Sector: Internet Software and Services 1 of 2
Type: Divestiture 1 of 2
State: Massachusetts 1 of 1
Country: United States 1 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Web.com

Jacksonville, Florida, United States

Web.com is a provider of website-building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. Web.com was formed in 1997 and is headquartered in Jacksonville, Florida.

Buy -
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 -