Investment Summary

Spectrum Equity Invests In Benchmark

On November 17, 2023, private equity firm Spectrum Equity invested in business services company Benchmark

Investment Highlights
  • This is Spectrum Equity’s 6th transaction in the Business Services sector.
  • This is Spectrum Equity’s 6th transaction in the United Kingdom.

Investment Summary

Date 2023-11-17
Target Benchmark
Sector Business Services
Investor(s) Spectrum Equity
Deal Type Growth Capital
Advisor(s) Cardean Bell (Financial)
Crowell & Moring (Legal)

Target

Benchmark

London, United Kingdom
Benchmark is a Price Reporting Agency (PRA) that enables the energy transition by offering lithium and critical minerals prices, battery and EV supply chain data forecast subscriptions, advisory services, and industry-specific events. The company sets reference and benchmark prices for lithium and other key battery raw materials and chemicals, including graphite, anode, nickel, cobalt, cathode, PCAM, black mass (battery recycling), and battery cells. It recently expanded into the rare earth elements for permanent magnet supply chain and seeks to add coverage of new supply chains critical to the energy transition. Benchmark was founded in 2014 and is based in London, United Kingdom.

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Investor(S) 1

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 103 of 103
Sector: Business Services M&A 6 of 6
Type: Growth Capital M&A Deals 53 of 53
Country: United Kingdom M&A 6 of 6
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Animoto

New York, New York, United States

Animoto is an online video creation service which enables consumers, professionals and businesses to create and share professional-quality videos from user-selected photos, video clips and music. The company offers both a free version of its service and multiple subscription products and is available on the web and mobile devices via Animoto's iPhone app. Animoto was formed in 2005 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Jimdo

Hamburg, Germany

Jimdo is a provider of cloud-based website creation software, that enables anyone to create a customized online presence with a blog and online store. Jimdo was formed in 2007 and is based in Hamburg, Germany.

Sell -