Investment Summary

Verlinvest, Sofina, Silver Lake, General Atlantic, Tencent Holdings and Tiger Global Management Invest In BYJU S

On March 22, 2016, family office Verlinvest, private equity firm Sofina, private equity firm Silver Lake, growth capital firm General Atlantic, Tencent Holdings and Tiger Global Management invested in education company BYJU S

Investment Highlights
  • This is Verlinvest’s 1st, Sofina’s 1st, Silver Lake’s 1st, General Atlantic’s 2nd, Tencent Holdings’ 1st and Tiger Global Management’s 1st transaction in the Education sector.
  • This is Verlinvest’s 3rd, Sofina’s 2nd, Silver Lake’s 2nd, General Atlantic’s 14th, Tencent Holdings’ 1st and Tiger Global Management’s 1st transaction in India.

Investment Summary

Date 2016-03-22
Target BYJU S
Sector Education
Investor(s) Verlinvest
Sofina
Silver Lake
General Atlantic
Tencent Holdings
Tiger Global Management
Deal Type Growth Capital

Target

BYJU S

Bengaluru, India
website
BYJU'S is an educational software company developing online learning solutions for K3, K10, K12, NEET, JEE, UPSC & Bank Exams. BYJU'S was established in 2008 and is headquartered in Bengaluru, India.

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Investor(S) 6

Investor

Verlinvest

Brussels, Belgium

Investor Investor Investor Investor Investor

website


Category Family Office
Founded 1995
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verlinvestis a private, family-owned investment holding firm specializing in branded consumer products and services investments. The Firm will consider investments in public and private companies and generally targets growth-oriented businesses addressing sizeable markets. Verlinvest looks to invest €20 to €200 million per investment and will consider both majority and minority positions. Verlinvest was formed in 1995 and is based in Brussels, Belgium.


DEAL STATS #
Overall 23 of 45
Sector (Education) 1 of 3
Type (Growth Capital) 6 of 20
Country (India) 3 of 10
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Leblon

New York, United States

Leblon is a spirits company that markets and distributes premium Brazilian Cachaça, mostly in the US though increasingly in Brazil and Europe. Cachaça (pronounced: ka-shah-sa), the national spirit of Brazil, is produced from sugar cane and is the third most consumed spirit globally, predominantly in Caipirinhas (pronounced kai-pur-EEN-ya) – a refreshing cocktail made with muddled limes, sugar, ice & Cachaça. Leblon was founded in 2005 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Lazada South East Asia Pte.

Ho Chi Minh City, Vietnam

Lazada South East Asia Pte. Ltd. is an online department store, with operations in Indonesia, Malaysia, Philippines, Thailand and Vietnam. The company has a broad product offering in categories ranging from consumer electronics to household goods, toys and sports equipment.

Sell $1.0B
DESCRIPTION

Sofina SA is a family controlled, publicly traded investment firm focused on making long-term, direct minority investments in leading companies, investing in third party growth and venture funds, and providing equity investments in fast growing companies. The Firm's direct investment group will consider opportunities throughout Europe where it can commit €100 to €300 million per transaction in companies valued up to €4.5 billion. Sofina SA dates back to 1898 and is headquartered in Brussels.


DEAL STATS #
Overall 17 of 31
Sector (Education) 1 of 3
Type (Growth Capital) 4 of 13
Country (India) 2 of 5
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 ACT Fibernet

Bengaluru, India

ACT Fibernet is one of the largest wired ISPs (Internet Service Providers) that has operations in 19 cities with more than 1.9 million customers. ACT Fibernet is known for its cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. ACT Fibernet was founded in 2000 and is headquartered in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Privalia Venta Directa S.L.

Barcelona, Spain

Privalia Venta Directa S.L. is an online marketplace for clothes and other accessories. Privalia Venta Directa was established in 2006 and is headquartered in Barcelona, Spain.

Sell -
Investor

Silver Lake

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 102.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 76 of 126
Sector (Education) 1 of 2
Type (Growth Capital) 20 of 32
Country (India) 2 of 3
Year (2016) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 NortonLifeLock

Tempe, Arizona, United States

NortonLifeLock is a Cyber Safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. NortonLifeLock was founded in 1982 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Buy $2.6B
Investor
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 155 of 338
Sector (Education) 2 of 6
Type (Growth Capital) 67 of 126
Country (India) 14 of 24
Year (2016) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Zimmermann

Rosebery, Australia

Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Flipp

Toronto, Ontario, Canada

Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario.

Buy -
Investor

Tencent Holdings

Shenzhen, China

website


Category Company
Founded 1998
Sector Internet Software and Services
Employees110,715
Revenue 560.1B CNY (2021)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


DEAL STATS #
Overall 6 of 14
Sector (Education) 1 of 1
Type (Growth Capital) 1 of 2
Country (India) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 eLong

Beijing, China

eLong is an online travel planning and hotel booking site in China. Users can book flights online, reserve hotels, cars and vacation packages.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Supercell Oy

Helsinki, Finland

Supercell is a mobile game company headquartered in Finland. Their two game apps, Clash of Clans and Hay Day, reached the top position in “Top Grossing” ranking of Apple’s App Store in 137 countries and 96 countries, respectively. From February 2013 to August 2013, Supercell was the No.1 publisher in the world among the apps in the Games category of the App Store. The Finnish company has become the one of the leading proponents of ‘freemium games’, which cost nothing to buy but players spend money to speed up the action.

Buy -
Investor

Tiger Global Management

New York, New York, United States

Category Company
Founded 2001
Sector Financial Services
DESCRIPTION

Tiger Global Management LLC is a hedge fund company it invests in the public equity markets across the globe.


DEAL STATS #
Overall 2 of 3
Sector (Education) 1 of 1
Type (Growth Capital) 1 of 2
Country (India) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-24 idealista

Madrid, Spain

idealista is an online real estate marketplace that supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers. idealista was formed in 2000 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 GoGuardian

El Segundo, California, United States

GoGuardian is a management software provider for schools. GoGuardian has changed the way K-12 schools maximize the learning potential of every student. Its SaaS products help educators identify learning patterns, protect students from harmful and distracting content, and support students who are at risk of self-harm. GoGuardian was founded in 2014 and is based in El Segundo, California.

Buy -