Investment Summary

Alta Partners, TPG, MPE Partners and Eight Roads Invest In FoldRx Pharmaceuticals

On June 15, 2010, venture capital firm Alta Partners, private equity firm TPG, private equity firm MPE Partners and private equity firm Eight Roads invested in life science company FoldRx Pharmaceuticals

Investment Highlights
  • This is Alta Partners’ 41st, TPG’s 22nd, MPE Partners’ 10th and Eight Roads’ 11th transaction in the Life Science sector.
  • This is Alta Partners’ 41st, TPG’s 105th, MPE Partners’ 53rd and Eight Roads’ 9th transaction in the United States.
  • This is Alta Partners’ 6th, TPG’s 5th, MPE Partners’ 6th and Eight Roads’ 3rd transaction in Massachusetts.
Investment Fate
  • FoldRx Pharmaceuticals was sold to a publicly-traded strategic buyer in 2010.

Investment Summary

Date 2010-06-15
Target FoldRx Pharmaceuticals
Sector Life Science
Investor(s) Alta Partners
TPG
MPE Partners
Eight Roads
Deal Type Venture

Target

FoldRx Pharmaceuticals

Cambridge, Massachusetts, United States
FoldRx Pharmaceuticals is a development and discovery company focusing on first-in-class, disease-modifying, small molecule therapeutics to treat diseases of protein misfolding and aggregation (amyloidosis). The Company's lead product, FX-4006, has begun a Phase II/III study in familial amyloid polyneuropathy. FoldRx Pharmaceuticals was founded in 2003 and is based in Cambridge, Massachusetts.

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Investor(S) 4

Investor

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 49 of 59
Sector: Life Science M&A 41 of 50
Type: Venture M&A Deals 40 of 48
State: Massachusetts M&A 6 of 8
Country: United States M&A 41 of 50
Year: 2010 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-03 Ellie Mae

Pleasanton, California, United States

Ellie Mae automates and digitizes the trillion-dollar residential mortgage industry. Through its Digital Lending Platform, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3,000 customers and thousands of partners and investors participating in the open networks who provide liquidity to the market. Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state, and federal compliance requirements. Ellie Mae was formed in 1997 and is based in Pleasanton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 FoldRx Pharmaceuticals

Cambridge, Massachusetts, United States

FoldRx Pharmaceuticals is a development and discovery company focusing on first-in-class, disease-modifying, small molecule therapeutics to treat diseases of protein misfolding and aggregation (amyloidosis). The Company's lead product, FX-4006, has begun a Phase II/III study in familial amyloid polyneuropathy. FoldRx Pharmaceuticals was founded in 2003 and is based in Cambridge, Massachusetts.

Sell -
Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 149 of 453
Sector: Life Science M&A 22 of 46
Type: Venture M&A Deals 39 of 93
State: Massachusetts M&A 5 of 15
Country: United States M&A 105 of 299
Year: 2010 M&A 9 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-10 Vertafore

Denver, Colorado, United States

Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-19 Republic Retail

Leeds, United Kingdom

Republic Retail is a UK apparel retailer of young adult fashion with a differentiated multi-brand concept offering consumers a wide range of proprietary house brands and 3rd party brands.

Buy £300M
Investor

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 56 of 89
Sector: Life Science M&A 10 of 13
Type: Venture M&A Deals 36 of 40
State: Massachusetts M&A 6 of 9
Country: United States M&A 53 of 86
Year: 2010 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-09 Satellite Logistics Group

Houston, Texas, United States

Satellite Logistics Group, Inc. is a provider of reverse beverage logistics and supply chain management solutions. The company provides integrated solutions to manage all facets of transportation, distribution and warehousing as well as cost-saving reverse logistics solutions or timely material recovery processes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 FoldRx Pharmaceuticals

Cambridge, Massachusetts, United States

FoldRx Pharmaceuticals is a development and discovery company focusing on first-in-class, disease-modifying, small molecule therapeutics to treat diseases of protein misfolding and aggregation (amyloidosis). The Company's lead product, FX-4006, has begun a Phase II/III study in familial amyloid polyneuropathy. FoldRx Pharmaceuticals was founded in 2003 and is based in Cambridge, Massachusetts.

Sell -
Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 25 of 293
Sector: Life Science M&A 11 of 73
Type: Venture M&A Deals 18 of 266
State: Massachusetts M&A 3 of 33
Country: United States M&A 9 of 119
Year: 2010 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-10 PL Engineering

Gurgaon, India

PL Engineering provides engineering services outsourcing player with a focus on oil & gas, power and infrastructure. The Company provides a wide range of services including basic design, detailed design and engineering / construction drawings. PL Engineering is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 GoodData

San Francisco, California, United States

GoodData provides the platform and expertise for enterprises to create smart business applications that harness your existing data to help you automate, recommend and take better business actions faster and with more reliability. They drive competitive value, performance, and profit by significantly enhancing the data-driven business processes across the enterprise and its business ecosystem by bringing analytics to the point-of-work. GoodData was founded in 2007 and is based in San Francisco, California.

Buy -