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Investment Summary

Spectrum Equity Invests In iSelect

On March 24, 2011, private equity firm Spectrum Equity invested in internet software and services company iSelect

Investment Highlights
  • This is Spectrum Equity’s 4th transaction in the Internet Software and Services sector.
  • This is Spectrum Equity’s 1st transaction in Australia.
Investment Fate
  • iSelect went public in 2013.

Investment Summary
Date 2011-03-24
Target iSelect
Sector Internet Software and Services
Investor(s) Spectrum Equity
Deal Type Growth Capital

Target

iSelect

Cheltenham, Australia
iSelect Limited is the leading provider of product comparison for Australian consumers of private health insurance. Founded in 2000, the company has since expanded into additional insurance lines including life, auto and travel, as well as financial products including home loans. By partnering with many of Australia's leading insurers and banks, iSelect provides consumers with a broad set of options, advice, and increased flexibility, both online and over the phone.

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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 35 of 103
Sector: Internet Software and Services M&A 4 of 36
Type: Growth Capital M&A Deals 5 of 53
Country: Australia M&A 1 of 1
Year: 2011 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-08 Jagex

Cambridge, United Kingdom

Jagex is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 ITA Software

Cambridge, Massachusetts, United States

ITA Software is the leading provider of innovative airline IT and services. The company provides airlines and travel distribution companies with comprehensive, reliable and cost-effective technology. ITA Software's customers include leading travel companies such as Alaska Airlines, Alitalia, Continental Airlines, US Airways, Star Alliance, Galileo International, Kayak, Orbitz and others. The company is based in Cambridge, Massachusetts with offices in Chicago and Singapore. ITA Software was founded by computer scientists from the Massachusetts Institute of Technology.

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