Investment Summary

Spectrum Equity Invests In RapidRatings

On February 14, 2022, private equity firm Spectrum Equity invested in information services company RapidRatings from LLR Partners and FTV Capital

Investment Highlights
  • This is Spectrum Equity’s 8th transaction in the Information Services sector.
  • This is Spectrum Equity’s 86th transaction in the United States.
  • This is Spectrum Equity’s 15th transaction in New York.

Investment Summary
Date 2022-02-14
Target RapidRatings
Sector Information Services
Investor(s) Spectrum Equity
Sellers(s) LLR Partners
FTV Capital
Deal Type Stake Purchase

Target

RapidRatings

New York, New York, United States
RapidRatings is a risk management analytics provider used to understand the financial health of third parties, including suppliers, customers, underwriting counterparties, borrowers, and investors. RapidRatings was founded in 2001 and is based in New York City.

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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 97 of 102
Sector (Information Services) 8 of 8
Type (Stake Purchase) 7 of 7
State (New York) 15 of 15
Country (United States) 86 of 89
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 RxVantage

El Segundo, California, United States

RxVantage is a digital platform connecting healthcare providers to educational resources and experts from life science companies. RxVantage’s mission is to ensure that every provider has the most relevant information and data on medications and medical technologies, in order to deliver the best care to every patient. More than 6,000 medical practices across the US utilize RxVantage to connect and engage with over 50,000 experts from life science companies. RxVantage was founded in 2007 and is based in El Segundo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Customer.io

Beaverton, Oregon, United States

Customer.io provides a marketing automation tool for sending relevant messages based on behavior across web and mobile products. The company uses real-time data to help clients deliver the right message, exactly when it’s needed like sending an event reminder over SMS or the perfect onboarding email. Its robust platform enables clients to: automate product messaging, with the ability to build, test, and send messages from one platform. Create and manage newsletters, transactional messages, and behavioral messages. Customer.io was formed in 2012 and is based in Beaverton, Oregon.

Buy -

Seller(S) 2

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 64 of 76
Sector (Information Services) 1 of 1
Type (Stake Purchase) 2 of 2
State (New York) 5 of 5
Country (United States) 63 of 75
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 ParkHub

Dallas, Texas, United States

ParkHub is a technology company that provides software and hardware services for the global parking industry. The company's products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. ParkHub was founded in 2010 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Rizing

Stamford, Connecticut, United States

Rizing is a global SAP consulting firm with the objective to empower businesses to unlock the intelligent enterprise with SAP cloud technologies, geospatial solutions, and proprietary, cutting-edge products to optimize and extend SAP such as Blueline, Lyra, Codex, Mercury, and Hydrogen. With real-life experience in business areas like enterprise asset management, human capital management, and consumer industries. Rizing is based in Stamford, Connecticut.

Sell -
SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.

DEAL STATS #
Overall 53 of 61
Sector (Information Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (New York) 7 of 8
Country (United States) 49 of 54
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 ParkHub

Dallas, Texas, United States

ParkHub is a technology company that provides software and hardware services for the global parking industry. The company's products provide multiple payment options, real-time reporting of parking revenue, support for dynamic pricing, and inventory availability and control. ParkHub was founded in 2010 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Finaro

Herzliya, Israel

Finaro is a cross-border payment provider empowering international commerce through brilliantly simple payments. Finarowas founded in 2007 and is based in Herzliya, Israel.

Sell -
Mergr

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