Investment Summary |
|
|---|---|
| Date | 2022-01-11 |
| Target | Project44 |
| Sector | Internet Software and Services |
| Investor(s) |
TPG
Thoma Bravo Goldman Sachs Merchant Banking WP Global Partners |
| Deal Type | Growth Capital |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 380 of 401 |
| Sector (Internet Software and Services) | 27 of 29 |
| Type (Growth Capital) | 61 of 63 |
| State (Illinois) | 9 of 9 |
| Country (United States) | 252 of 269 |
| Year (2022) | 2 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-11 |
Wind River
Alameda, California, United States Wind River engages in delivering software for intelligent connected systems, Wind River offers a comprehensive, edge-to-cloud software portfolio designed to address the challenges and opportunities critical infrastructure companies face when evolving and modernizing their systems as they work to realize the full potential of IoT. Wind River was established in 1981 and is based in Alameda, California. |
Sell | $4.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-12 |
Anovo
Memphis, Tennessee, United States Anovo is a provider of specialty pharmacy services and customized treatment and support programs that address the unique needs of patients with certain complex and chronic diseases. Anovo was founded in 2013 and is based in Memphis, Tennessee. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 118 of 136 |
| Sector (Internet Software and Services) | 18 of 25 |
| Type (Growth Capital) | 15 of 16 |
| State (Illinois) | 6 of 6 |
| Country (United States) | 106 of 118 |
| Year (2022) | 2 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
Starburst
Boston, Massachusetts, United States Starburst is the analytics engine that provides the most efficient analytics engine for data warehouse, data lake, or data mesh. The company unlocks the value of distributed data by making it fast and easy to access, no matter where it lives. Starburst queries data across any database, making it instantly actionable for data-driven organizations. It lowers the total cost of their infrastructure and analytics investments, prevents vendor lock-in, and uses the existing tools that work for their business. Starburst was founded in 2017 and is based in Boston, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-15 |
Veracode
Burlington, Massachusetts, United States Veracode develops products to help secure web, mobile and third-party applications across the software development lifecycle. Veracode's complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets- whether that’s software they make, buy or sell. Veracode was founded in 2005 and is based in Burlington, Massachusetts. |
Sell | $2.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 175 of 178 |
| Sector (Internet Software and Services) | 13 of 14 |
| Type (Growth Capital) | 26 of 26 |
| State (Illinois) | 9 of 9 |
| Country (United States) | 122 of 122 |
| Year (2022) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-11 |
The Belfry
West Midlands, United Kingdom The Belfry is a provider of leisure, conference and golf destination, featuring 320 rooms, a 25,000-square foot fitness center and spa, and 20,000 square feet of meeting space. The Belfry was founded in 1977 and is based in West Midlands, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-11 |
FinanceIt
Toronto, Ontario, Canada FinanceIt offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. FinanceIt was founded in 2011 and is headquartered in Toronto, Ontario. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 2005 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
WP Global Partners is an asset management firm that looks to offer clients exposure to private equity, venture capital, and private debt investments through research based investment programs. Within private equity, WP looks to invest $5 to $25 million in recurring revenue oriented businesses valued up to $500 million. WP Global Partners was formed in 2005 and is headquartered in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 17 |
| Sector (Internet Software and Services) | 2 of 3 |
| Type (Growth Capital) | 9 of 11 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 15 of 17 |
| Year (2022) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-17 |
Paro
Chicago, Illinois, United States Paro is an AI-powered marketplace that delivers finance and accounting solutions to businesses through a combination of expert fractional talent, data-driven tools and guiding insights. By harnessing the power of people and technology, our growth platform provides flexible options, ranging from transaction processing support to corporate development and financing strategy, to solve core business challenges and drive growth. Paro is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-06 |
Blackpoint Cyber
Ellicott City, Maryland, United States Blackpoint Cyber offers world-class, nation state-grade cybersecurity ecosystem serving the MSP community. Blackpoint Cyber was founded in 2014 and is based in Ellicott City, Maryland. |
Buy | - |
