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Bankrate

Did Bankrate Rush Through The Apax Deal? SEC Picking Over Details

Aug 20, 2009 4:06 PM

The Deal Professor on NYTimes.com raises some great questions on the Bankrate’s sale deal to Apax Partners, after combing through the tender offer SEC filings. Among the main points raised: the management seems to want to push through the deal with Apax, and may not have gone through a full…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate

Gaining Currency By Going Private In This Economy

Aug 2, 2009 6:17 PM

On its Q209 earnings call, Bankrate (NSDQ: RATE) CEO Tom Evans spoke at length about his company’s decision to go private, in a pending deal to be acquired by Apax Partners for $571 million. Some good thoughts on why it made sense, though I’m intrigued by the tone they’ve taken:…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate

Updated: Bankrate Being Acquired By Apax For $571 Million in Cash; Horrendous Q209 Prelim Numbers

Jul 22, 2009 1:38 PM

Updated below with more deal details: Consumer financial information and lead gen service Bankrate (NSDQ: RATE) is being acquired by PE firm Apax Partners, in a deal just announced. The North *Palm* Beach, FL-based company is also announcing its its horrendous Q209 prelim results in conjunction with the deal. Will…

keep reading for more deal points; Bankrate's Q209 earnings »

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, apax partners, bankrate

BankRate Acquires Bankaholic For Up To $15 Million

Sep 23, 2008 2:03 PM

Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Bankaholic’s sole employee John Wu will…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, bankaholic, bankrate

Earnings
Earnings: Bankrate Matches Lowered Outlook; Holds Guidance

Aug 4, 2008 3:05 PM

Financial info portal Bankrate (NSDQ: RATE) announced Q2 revenue of $40.2 million, a 73 percent increase from $23.2 million in the year-ago quarter. The top-line figure matches what the company said back in early July, when it lowered its forecasts due to a softening display market. The company offers a…

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Posted In: Advertising, Money, Earnings, bankrate

Earnings
Financial Site Bankrate Lowers Outlook On Weak Display Ad Market

Jul 7, 2008 7:42 AM

Financial site Bankrate (NSDQ: RATE) had been holding up admirably in the face of the weak mortgage market, as it consistently turned in strong results in recent quarters. In the past month or so, investors obviously lost confidence, sending its shares down over 35 percent, to around its 52-week low.…

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Posted In: Advertising, Money, Earnings, bankrate

Earnings
Earnings: Bankrate Q1 Revs Up 91 Percent; Maintains Guidance

May 1, 2008 4:10 PM

There’s gotta be some connection between the real housing market and Bankrate (NSDQ: RATE), since so much of their business is lead-gen for lending. But for now, the company seems to be operating outside the laws of physics. Q1 revenue jumped 91 percent to $42.5 million, from $22.2 million. Net…

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Posted In: Money, Earnings, bankrate

Earnings
Earnings: Bankrate Q4 Revs Up 22 Percent; Buys InsureMe.com And Fee Disclosure For $87.85 Million

Feb 5, 2008 5:37 PM

Financial info site Bankrate (NSDQ: RATE), considered to be something of a key bellwether given its reliance on the mortgage market, reported Q4 revenues of $25.2 million, a 22 percent year-over-year increase from $20.7 million. Net income increased 5 percent to $4.1 million ($.21 per share) from $3.9 million ($.21…

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Posted In: Advertising, Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, bankrate

Earnings
Earnings: BankRate Q3 Revs Up 28 Percent; Display Ads Up 28 Percent; Hyperlink Revs Rise 50 Percent

Nov 1, 2007 7:38 AM

Despite troubles in the mortgage sector, online financial marketplace and aggregator BankRate announced Q3 revenue $24.9 million, up 28 percent from last year’s $19.5 million. Net income jumped to $5.4 million from $1.2 million, although the prior year’s quarter included a $3 million legal settlement charge. Some highlights: —Display ad…

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Posted In: Money, Earnings, bankrate

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