Investment Summary

The Carlyle Group Invests In MYMOVE

On March 16, 2000, private equity firm The Carlyle Group invested in consumer services company MYMOVE

Investment Highlights
  • This is The Carlyle Group’s 1st transaction in the Consumer Services sector.
  • This is The Carlyle Group’s 32nd transaction in the United States.
  • This is The Carlyle Group’s 1st transaction in South Carolina.
Investment Fate
  • MYMOVE was sold to a publicly-traded strategic buyer in 2005 for 230M USD.
  • MYMOVE was divested to a consortium of strategic buyers in 2015 for 310M USD.

Investment Summary

Date 2000-03-16
Target MYMOVE
Sector Consumer Services
Investor(s) The Carlyle Group
Deal Type Venture

Target

MYMOVE

Fort Mill, South Carolina, United States
MYMOVE, LLC is a media company with technology, data and marketing expertise. The Company has an exclusive relationship with the USPS that allows it to connect brands with roughly 39 million movers every year. MYMOVE helps the USPS facilitate the official Change of Address process. Through this partnership, the company is able to reach millions of movers at the most important point of their move.

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Investor(S) 1

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 43 of 749
Sector: Consumer Services M&A 1 of 10
Type: Venture M&A Deals 9 of 58
State: South Carolina M&A 1 of 2
Country: United States M&A 32 of 350
Year: 2000 M&A 6 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 BNX Systems

Vienna, Virginia, United States

BNX Systems Corporation provides user authentication management software for enterprise and Internet security functions, including smart card, biometrics, and token-based applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-29 Riello

Legnano, Italy

Riello SpA manufactures and markets heating products, was the global leader in residential burner production and one of the world’s largest producers of wall-hung boilers.

Buy -