M&A Deal Summary

Stripes and Spectrum Equity Acquire NetQuote

On September 6, 2005, growth capital firm Stripes and private equity firm Spectrum Equity acquired internet software and services company NetQuote

Acquisition Highlights
  • This is Stripes’ 1st and Spectrum Equity’s 1st transaction in the Internet Software and Services sector.
  • This is Stripes’ 5th and Spectrum Equity’s 17th transaction in the United States.
  • This is Stripes’ 2nd and Spectrum Equity’s 2nd transaction in Colorado.
Investment Fate
  • NetQuote was sold to a publicly-traded strategic buyer in 2010 for 205M USD.

M&A Deal Summary

Date 2005-09-06
Target NetQuote
Sector Internet Software and Services
Buyer(s) Stripes
Spectrum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

NetQuote

Denver, Colorado, United States
NetQuote, Inc. is a provider of consumers with a free, simple, and effective way to fulfill their insurance shopping needs. NetQuote works with hundreds of partner companies that provide insurance quotes based on information that you supply.

Search 214,877 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 5 of 49
Sector: Internet Software and Services M&A 1 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: Colorado M&A 2 of 5
Country: United States M&A 5 of 46
Year: 2005 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Kinetic Social

New York, New York, United States

Kinetic Social, Inc. is a provider of social advertising execution, delivering marketing solutions via comprehensive product offerings and cross-platform capabilities at scale across every major ad-capable social media venue, including Facebook, Twitter, Linked-In, Foursquare and more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 SmartWool

Steamboat Springs, Colorado, United States

SmartWool Corp. is a designer, developer, marketer and distributor of premium performance socks, apparel and accessories for men, women and children.

Sell $82M
Buyer

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 19 of 103
Sector: Internet Software and Services M&A 1 of 36
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 15
State: Colorado M&A 2 of 2
Country: United States M&A 17 of 90
Year: 2005 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Consolidated Communications

Mattoon, Illinois, United States

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-28 Mortgagebot

Mequon, Wisconsin, United States

Mortgagebot LLC provides software that enables banks and credit unions to market and process mortgage applications online. The company's software is delivered as a hosted service priced on a recurring monthly basis.

Buy $84M