Investment Summary

FTV Capital and True Wind Capital Invest In Viking Cloud

On February 6, 2020, growth capital firm FTV Capital and private equity firm True Wind Capital invested in information technology company Viking Cloud

Investment Highlights
  • This is FTV Capital’s 24th and True Wind Capital’s 1st transaction in the Information Technology sector.
  • This is FTV Capital’s 79th and True Wind Capital’s 6th transaction in the United States.
  • This is FTV Capital’s 9th and True Wind Capital’s 2nd transaction in Illinois.

Investment Summary
Date 2020-02-06
Target Viking Cloud
Sector Information Technology
Investor(s) FTV Capital
True Wind Capital
Deal Type Growth Capital
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory)
Jamieson Corporate Finance LLP
Ernst & Young Capital Advisors LLC (Financial)

Target

Viking Cloud

Chicago, Illinois, United States
Viking Cloud provides payment card industry, cybersecurity and compliance solutions that help businesses to improve security and acquiring organizations to reduce risk. Specializing in data security and PCI DSS compliance validation solutions, Viking Cloud offers a range of services, including its award-winning, Sysnet.air® Proactive Data Security compliance and security management solution to a wide variety of businesses including acquirers, ISOs, international banks, payment service providers and merchants. Viking Cloud was founded in 1989 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Management Company, L.P. (FTV Capital) is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.

DEAL STATS #
Overall 96 of 122
Sector (Information Technology) 24 of 27
Type (Growth Capital) 37 of 53
State (Illinois) 9 of 11
Country (United States) 79 of 100
Year (2020) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Centaur Fund Services

Dublin, Ireland

Centaur Fund Services is a provider of fund administration services for alternative investment funds, including hedge funds, private equity, venture capital, credit and real estate funds, family offices, and insurance-linked securities funds. Centaur Fund Services was founded in 2009 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-03 SingleOps

Atlanta, Georgia, United States

SingleOps is a provider of field services solutions for the green industry. SingleOps offers Client Relationship Management, Estimates, Proposals, Job-site Mapping , Invoicing & Payments. SingleOps was founded in 2013 and is based in Atlanta, Georgia.

Buy -
Investor

True Wind Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.

DEAL STATS #
Overall 6 of 12
Sector (Information Technology) 1 of 2
Type (Growth Capital) 2 of 7
State (Illinois) 2 of 2
Country (United States) 6 of 11
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Zix

Dallas, Texas, United States

Zix is a provider of email security services. Zix also offers superior solutions in email data loss prevention and email bring your own device (BYOD) security. Zix is trusted by the nation’s most influential institutions in healthcare, finance, and government for easy-to-use secure email solutions that meet data protection and compliance needs. Zix was founded in 1988 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 AIA Contract Documents

Washington, District of Columbia, United States

AIA Contract Documents is a provider of customizable legal contracts. AIA Contract Documents has been the gold standard of legal documents and a thought leader within the construction industry for over 130 years. AIA Contract Documents was founded in 1888 and is based in Washington, District of Columbia.

Buy -
Mergr

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Company

Legal