CoStar Group, Inc.

CoStar Group, Inc.

CoStar Group, Inc.

Overview
Date Founded

1998

Type of Company

Public

Employees (Worldwide)

3,705

Industries

Internet Software & Services
Advertising & Marketing
Investment Services & Portfolio Management
Real Estate
Investment Banking & Brokerage
Market & Policy Research
IT Consulting & Services

Company Description

CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client's websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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Executives & Employees

Co-Founder

Chief Financial Officer & Chief Accounting Officer

General Counsel & Secretary

Chief Technology Officer

Chief Human Resources Officer

General Manager, Costar Private Sale Network

Vice President, Costar Product Management

Managing Director, Costar Portfolio Strategy

Managing Director, Costar UK Limited

Managing Director, Costar Investment Analysis

Board of Directors

Co-Founder at CoStar Group, Inc.

President & Chief Executive Officer at Hilton Worldwide Holdings, Inc.

Treasurer & Director at The Shakespeare Theatre Co.

President at JBG/Fund VIII Trust

Former Chief Executive Officer at Nextility, Inc.

Regulation Affairs & Public Policy Leader at PricewaterhouseCoopers LLP

Co-Founder at CoStar Group, Inc.

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CoStar Group, Inc.
Owners & Shareholders
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BAMCO's investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager's ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account's investment objective. The firm's investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm's research process.

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Henderson-UK is an active, value-oriented manager which has core capabilities in global equities, European equities, global fixed-income, multi-asset and alternative investments. They focus on absolute returns, investing globally based on rigorous fundamental research and risk management. The firm believes that top-down economic factors are key drivers of markets and the performance of sectors within markets. Economic expectations are a key input to all equity, bond and currency return forecasts which determine their asset allocation policy. Investment teams devise their own investment processes and are structured to maximize opportunities within their respective investment areas. There is no house view and teams share resources with other Henderson investment teams. Fund managers are supported by a global team of researchers and economists and operate within a comprehensive and robust risk-control framework.

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SCM employs fundamental, bottom-up, and company-focused research in their investment process. They maintain a single growth-oriented philosophy that is applied across all strategies. The Select Growth strategy provides clients with exposure to their best 25-30 growth opportunities through a concentrated portfolio of primarily large- and mid-capitalization growth businesses. Portfolio companies are primarily domiciled in the US but also include the equity securities of issuers in other developed and emerging markets. The firm's Global Growth strategy is a concentrated portfolio that typically includes 30-50 issuers that are domiciled in both developed and emerging markets. Their Global Leaders strategy is almost the same with the Global Growth strategy. Sands' Emerging Markets Growth strategy is a concentrated portfolio that typically includes 30-50 issuers that are domiciled in or have significant exposure to emerging and frontier markets. The firm's Technology Innovators strategy is a concentrated portfolio of growth businesses which may be publicly or privately held, with a particular emphasis placed on companies classified in the technology sector, typically including 20-35 issuers. Sands' Focus strategy is a concentrated portfolio of primarily large-capitalization growth businesses that typically includes 5-20 issuers. Portfolio companies are selected from Sands' other equity strategies.

Recent Transactions
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CoStar Group, Inc., Costar Realty Information, Inc. purchase Cozy Services Ltd. from General Catalyst LLC, IT-Farm Corp., GV Management Co. LLC, The Social+Capital Partnership LLC, American Family Ventures, Seven Peaks Ventures LLP, Hemisphere Ventures LLC

Details Hidden

CoStar Group, Inc. purchases Realla Ltd.

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CoStar Group, Inc., Costar Realty Information, Inc. purchase ForRent.Com from Landmark Media Enterprises LLC

Insider Transactions
Details Hidden
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Transaction Advisors
Legal Advisor

Advised onCoStar Group, Inc., CoStar Ltd. purchase Property Investment Exchange Ltd. from PrimePitch Ltd

Accountant

Advised onCoStar Group, Inc. purchases Comps.com, Inc.

Underwriter

Advised onCoStar Group, Inc. issued USD Common Stock

Associate

Advised onCoStar Group, Inc. purchases LoopNet, Inc.

Legal Advisor

Advised onCoStar Group, Inc. purchases LoopNet, Inc.

Associate

Advised onCoStar Group, Inc. purchases LoopNet, Inc.

Advisors & Consultants
Legal Advisor

Of Counsel at Simpson Thacher & Bartlett LLP

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Advisor
Clients

Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate & Investment Bank (CIB); Private & Commercial Bank (PCB); and Deutsche Asset Management (Deutsche AM). The CIB segment refers to the corporate finance and global transaction banking businesses. The PCB segment consists of the Postbank; Private & Commercial Clients Germany; Private & Commercial Clients International; and Wealth Management business units. The Deutsche AM offers investment management services. The company was founded by Adelbert Delbrueck on March 10, 1870 and is headquartered in Frankfurt am Main, Germany.

Resources Connection We serve business from the inside. Partnering with client teams, we solve problems, implement initiatives and help drive change through all levels of businesses all over the world. Traditional consulting firms hire right out of school. We employ seasoned professionals so they can start adding value as soon as they begin an engagement. Our professionals are experienced problem solvers with 15-20 years experience in fields including finance and accounting, human capital, information management, internal audit, legal and supply chain. From 75 offices in North America, Europe and Asia Pacific, RGP serves 1,900 clients in 70 countries. We're a pioneering professional services firm, a global community with a new approach to consulting - from the inside out.

Lambert Smith Hampton Group Ltd. provides commercial property consulting services. It offers a range of commercial property services and advice to both private and public sectors. Its services include acquisitions and disposals, investment, property management, building consultancy, valuation, and lease advisory. It serves the banking, finance, telecoms, retail, and transportation industries. The company was incorporated on July 12, 1990 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2018
Market Capitalization
$22.5B
Total Enterprise Value
$11.2B
Earnings Per Share
$6.54
Enterprise Value Sales
9.39x
TEVNet Income
46.97x
Debt TEV
0x
Total Equity
$3.02B
Revenue
$1.19B
Net Profit
$238M
Total Debt
$0
EBITDAMargin
29.48%
Enterprise Value EBITDAOperating
31.87x
EBITDA
$351M
Five Year Compounded Annual Growth Rate Of Revenue
22%
Three Year Compounded Annual Growth Rate Of Revenue
18.75%
Non-Profit Donations & Grants
$50K - $100K
2011
$50K - $100K
2010
$50K - $100K
2009
Investments
Details Hidden

Rentlytics, Inc. provides applications for managing and analyzing real estate properties. The company was founded by Justin R. Alanis and Philip Plante in 2012 and is headquartered in San Francisco, CA.

Investors
Details Hidden

Founding Partner at Trinity Ventures LP

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Saratoga Investment Corp. is a specialty finance company, which engages in the provision of financing solutions. Its portfolio includes investments in leveraged loans issued by middle market companies. The company was founded on March 21, 2007 and is headquartered in New York, NY.

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Co-Founder at Redpoint Ventures

Suppliers
Microsoft Corporation Computer Software | REDMOND, WA

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Alphabet, Inc. Internet Software & Services | MOUNTAIN VIEW, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Verizon Communications, Inc. IT Consulting & Services | New York, New York

Verizon Communications, Inc. is a holding company, which engages in the provision communications, information and entertainment products and services to consumers, businesses and governmental agencies. It operates through Wireless and Wireline segments. The Wireless segment provides wireless voice and data services and equipment sales, which are provided to consumer, business, and government customers. The Wireline segment offers broadband video and data; corporate networking solutions; data center and cloud services; security and managed network services; and local and long distance voice services. It also offers voice, data and video services and solutions. The company was founded in 1983 and is headquartered in New York, NY.

Competitors
Intuit, Inc. Computer Software - MOUNTAIN VIEW, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Moody's Corp. Accounting & Financial Services - NEW YORK, NY

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com

International Business Machines Corporation IT Consulting & Services - Armonk, NY

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

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