Investment Summary

Origo Partners and Insight Partners Invest In 6waves

On January 21, 2010, private equity firm Origo Partners and venture capital firm Insight Partners invested in gaming company 6waves

Investment Highlights
  • This is Origo Partners’ 1st and Insight Partners’ 1st transaction in the Gaming sector.
  • This is Origo Partners’ 3rd and Insight Partners’ 1st transaction in China.
Investment Fate
  • 6waves was sold to a publicly-traded strategic buyer in 2022.

Investment Summary

Date 2010-01-21
Target 6waves
Sector Gaming
Investor(s) Origo Partners
Insight Partners
Deal Type Venture

Target

6waves

Hong Kong, China
website
6waves is an independent publisher of free-to-play social games on Facebook, with over 55 active games played by over 28 million monthly active users (“MAUs”) as of December 2011. The company aims to publish the next generation of social games to cover every genre, language, and platform. 6waves was founded in 2008 and is based in Hong Kong, China.

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Investor(S) 2

DESCRIPTION

Origo Partners is a publicly-traded private equity firm focused on 'growth opportunities created by the urbanization and industrialization of China'. Origo primarily targets profitable, expansion stage companies in the natural resources, agriculture, consumer, and renewable energy/clean-tech sectors. The Firm looks to invest $3 to $20 million over the life-cycle of a company. Origo Partners is based in Beijing.


DEAL STATS #
Overall 3 of 5
Sector (Gaming) 1 of 1
Type (Venture) 1 of 1
Country (China) 3 of 3
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 China Commodities Absolute Return Fund

China

The China Commodities Absolute Return Fund (CCF) is a global equity long/short mining fund with a focus on China event driven opportunities. The fund can invest across related asset classes, including commodity related futures, debt, convertibles and private equity. The majority of CCF’s investments are international companies with Mongolian mining assets. The Fund capitalizes on identified opportunities through taking long and short positions in publicly traded equities and commodity related contracts. The portfolio managers undertake on-going, detailed analysis to determine mid to long term attractiveness of investments across commodities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 HaloSource

Bothell, Washington, United States

HaloSource, Inc. is a developer of clean technologies to disinfect and purify the water we drink, play in, clean with and put back into water systems. HaloSource was founded in 1998 and is based in Bothell, Washington.

Sell -
Investor
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 6 of 86
Sector (Gaming) 1 of 1
Type (Venture) 3 of 25
Country (China) 1 of 1
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 DataCore Software

Ft. Lauderdale, Florida, United States

DataCore Software is a provider of storage virtualization SAN software, fundamentally changes the economics of managing storage with innovative software that combines advanced functions and services with the agility and savings of hardware independence. DataCore Software was established in 1998 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Studio Moderna

Zagorje ob Savi, Slovenia

Studio Moderna is a multi-channel and direct to consumer electronic retailer with a vertically integrated network in Central & Eastern Europe. Studio Moderna was founded in 1992 and is based in Zagorje ob Savi, Slovenia.

Buy -