====Care.com (CRCM) to be acquired by IAC (IAC) for $500M

 
Dec 20, 2019
New York-based media and internet holding company IAC is acquiring the online marketplace Care.com Inc. in an all-cash transaction valued at $500 million, the companies announced Friday.

Waltham-based Care.com, which seeks to match caregivers with families, launched in 2007 and became a public company in January 2014. The company also has offices in San Francisco, Berlin and Austin.

Its matching services cover senior care, child care, pet care and housekeeping, among others. The company said its network includes 19.8 families and 14.3 million caregivers.

IAC (Nasdaq: IAC) is acquiring Care.com (NYSE: CRCM) for $15 per share, a 34 percent premium to the company’s closing stock price on Oct. 25. IAC has majority ownership in companies that covers travel, dating and home services such HomeAdvisor, and Angie’s List. Earlier this year, IAC said it plans to spin off its majority stake in the Match Group, which includes the dating services Tinder, Match, OkCupid and Hinge.

====Care.com (CRCM) reported earnings on Mon 30 July 2018 (b/o)

Care.com misses by $0.07, reports revs in-line; guides Q3 EPS below consensus, revs above consensus; reaffirms FY18 EPS guidance, guides FY18 revs in-line 

• Reports Q2 (Jun) earnings of $0.04 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of $0.11; revenues rose 9.5% year/year to $46 mln vs the $45.91 mln Capital IQ Consensus.
• "Our total members grew 17% to 29.6 million at the end of the second quarter of 2018, compared to 25.2 million in the same period of 2017."
• Co issues mixed guidancefor Q3, sees EPS of $0.12, excluding non-recurring items, vs. $0.14 Capital IQ Consensus Estimate; sees Q3 revs of $49.0-49.3 mln vs. $48.98 mln Capital IQ Consensus Estimate.
• Co issues guidancefor FY18, reaffirms EPS of $0.65-0.67, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate; narrows FY18 revs to $191.5-193.0 mln from $191-193 mln vs. $192.22 mln Capital IQ Consensus Estimate.

=Care.com (CRCM) reported earnings on Thur 2 Nov 2017 (b/o)

WALTHAM, Mass. (AP) _ Care.com Inc. (CRCM) on Thursday reported third-quarter net income of $262,000, after reporting a loss in the same period a year earlier.

The Waltham, Massachusetts-based company said it had profit of 1 cent per share. Earnings, adjusted for stock option expense and restructuring costs, were 18 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The operator of an online service to help people find and manage family care posted revenue of $44.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $44.1 million.

For the current quarter ending in December, Care.com expects its per-share earnings to range from 15 cents to 16 cents.

The company said it expects revenue in the range of $43.6 million to $44.1 million for the fiscal fourth quarter.

Care.com expects full-year earnings in the range of 51 cents to 52 cents per share, with revenue ranging from $173.5 million to $174 million.

Family care website Care.com expects to raise up to $86 mln in IPO

• Company to be valued at up to $475 mln
• Expects to sell 5.4 mln shares for $14-$16 each
• Founded: 2006
• HQ: Waltham, Massachusetts
• CEO: Sheila Lirio Marcelo
• Founders: Sheila Lirio Marcelo, Dave Krupinski

Jan 10 (Reuters) - Care.com Inc, an online marketplace for family care services, is seeking to raise up to $86 million in an initial public offering, valuing the company at up to $475 million.

Care.com expects to price 5.4 million shares at between $14 and $16 each, the company said in a filing with the U.S. Securities and Exchange Commission on Friday. ()

The Waltham, Massachusetts-based company is backed by private equity funds such as Matrix Partners, Trinity Ventures, New Enterprise Associates, and Institutional Venture Partners, which together own about 60 percent of the company.

The company's investors also include financial services company United Services Automobile Association, which holds a 9.26 percent stake.

The website offers services such as child care, senior care, special needs care and other non-medical family care needs such as pet care, tutoring and housekeeping through 4.5 million registered members, who work either full time or part time. The services are offered in 16 countries.

The company intends to list its common stock on the New York Stock Exchange under the symbol "CRCM".

Morgan Stanley & Co LLC, Merrill Lynch, Pierce, Fenner and Smith Inc and J.P. Morgan Securities LLC are the lead underwriters for the offering.