Investment Summary

NewSpring Capital, Riverwood Capital, Silver Lake and Adams Street Partners Invests In Vacasa

On October 17, 2017, private equity firm NewSpring Capital, private equity firm Riverwood Capital, private equity firm Silver Lake and asset manager Adams Street Partners invested in leisure company Vacasa LLC

Investment Highlights
  • This is NewSpring Capital’s 2nd, Riverwood Capital’s 1st, Silver Lake’s 1st and Adams Street Partners’ 1st transaction in the Leisure sector.
  • This is NewSpring Capital’s 115th, Riverwood Capital’s 16th, Silver Lake’s 62nd and Adams Street Partners’ 97th transaction in the United States.
  • This is NewSpring Capital’s 1st, Riverwood Capital’s 1st, Silver Lake’s 1st and Adams Street Partners’ 1st transaction in Oregon.

Investment Summary

Date 2017-10-17
Target Vacasa LLC
Sector Leisure
Investor(s) NewSpring Capital
Riverwood Capital
Silver Lake
Adams Street Partners
Deal Type Venture

Target

Vacasa LLC

Portland, Oregon, United States
website
Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

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Investor(S) 4

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.7B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 116 of 172
Sector (Leisure) 2 of 2
Type (Venture) 20 of 22
State (Oregon) 1 of 1
Country (United States) 115 of 168
Year (2017) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 Energage LLC

Exton, Pennsylvania, United States

Energage provides on-demand, online employee surveys with benchmarked results. The Energage platform combines research, neuroscience principles, and expert guidance to help you unleash performance and realize the full potential of your workforce — both at speed and scale. Energage was founded in 2006 and is based in Exton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Intersection Holdings LLC

New York, New York, United States

Intersection is a Home media and technology company that delivers programming, consumer amenities, and advertising to cities. From free internet access to wayfinding to real-time information, their products make city life easier and more sustainable. Intersection is based in New York city.

Buy -
Investor

Riverwood Capital

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Riverwood Capital is a tech-focused on private equity firm. Riverwood will consider investment opportunities across North and South America and looks for situations where the firm can commit $25 to $125 per transaction. Prospective transaction situations include growth capital financings, carve-outs, consolidations, and buyouts. Specific areas of interest include IT, communications, technology hardware, electronics, software, and digital media. Riverwood Capital was formed in 2008 and is based in Menlo Park, California.


DEAL STATS #
Overall 26 of 43
Sector (Leisure) 1 of 1
Type (Venture) 4 of 13
State (Oregon) 1 of 1
Country (United States) 16 of 27
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 ForgeRock, Inc.

San Francisco, California, United States

ForgeRock is the Digital Identity Management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform™ as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was established in 2010 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Cloudvirga, Inc.

Irvine, California, United States

Cloudvirga is a digital mortgage platform giving consumers and lenders a world-class customer experience from application to closing. Lenders can automate workflows radically cut costs, increase transparency, and reduce closing times. Cloudvirga was established in 2016 and is based in Irvine, California.

Buy -
Investor

Silver Lake

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 60.0B USD
SizeMega
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 84 of 119
Sector (Leisure) 1 of 1
Type (Venture) 7 of 9
State (Oregon) 1 of 1
Country (United States) 62 of 79
Year (2017) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Peloton Computer Enterprises, Inc.

Calgary, Alberta, Canada

Peloton Computer Enterprises is a provider of well data software solutions to the oil and gas industry. Peloton’s software helps oil and gas companies focus their operations and improve their strategic decision-making through better data management during the entire lifecycle of a well, including drilling, well operations, and production. Today, more than 450 oil and gas clients worldwide rely on Peloton technology to equip their stakeholders with the tools and information necessary to manage, simplify and optimize their operations. Peloton Computer Enterprises was founded in 1991 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 RVU

London, United Kingdom

RVU empowers people to make confident decisions with its unique set of brands, the excitement of a startup, and the strength of well-established, trusted household names. Uswitch.com is a comparison website for home services switching, helping consumers save money on their gas, electricity, broadband, TV, and phone. Confused.com is an insurance comparison platform that pioneering the way consumers make choices about financial services. Money.co.uk is a comparison website for financial services. Consumers can compare loans, credit cards, bank accounts, and insurance from more than 600 providers. Rastreator and LeLynx.fr are online comparison platforms in Spain and France respectively, helping consumers compare a range of financial services and home services products. Mojo Mortgages brings together smart tech and the best human mortgage experts to empower more consumers to access personalized mortgage recommendations. The company has the power to reach millions of consumers around the world, solving everyday complex problems through outstanding experiences. RVU was formed in 2000 and is based in London.

Buy -
Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 108 of 146
Sector (Leisure) 1 of 1
Type (Venture) 77 of 100
State (Oregon) 1 of 2
Country (United States) 97 of 134
Year (2017) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Atlantis Computing, Inc.

Mountain View, California, United States

Atlantis Computing, Inc. is a provider of software complements virtualization solutions from Citrix, Microsoft and VMware to optimize the use of data center storage by virtualized desktops and servers, automate large scale deployment and management, and lower implementation risks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Accretive Solutions, Inc.

Chicago, Illinois, United States

Accretive Solutions, Inc. is a provider of business consulting and executive search services in the areas of accounting and finance, enterprise governance, and business and technology. Accretive Solutions was founded in1999 and is based in Chicago, Illinois.

Sell $19M