Information Services | Palm Beach Gardens, FL | Bolt-on
Red Ventures has agreed to acquire Bankrate in an all-cash deal which values the online publisher of personal finance content at around $1.4 billion. The company's shareholders have been offered $14 per share, 31% above its average closing price for the past three months. Bankrate is owned by Apax Partners, which listed the company in 2011 but retained a 70% majority stake. Red Ventures has several PE backers including Silver Lake Partners, which made a $250 million minority investment in the company in 2015.