Growth Capital • Internet Software and Services

PSG, Verdane and TA Associates Invest In Hornetsecurity

On July 28, 2020, growth capital firm PSG, growth capital firm Verdane and private equity firm TA Associates invested in internet software and services company Hornetsecurity

Investment Context
  • This is PSG’s 14th, Verdane’s 17th and TA Associates’ 24th transaction in the Internet Software and Services sector.
  • This is PSG’s 1st, Verdane’s 7th and TA Associates’ 6th transaction in Germany.
Investment Fate
  • Hornetsecurity was sold to a strategic buyer in 2025.

Explore All 1223 Growth Capital Internet Software and Services Deals - Search the Database Free


Investment Summary

Date July 28, 2020
Target Hornetsecurity
Sector Internet Software and Services
Investor(s) PSG
Verdane
TA Associates
Deal Type Growth Capital

Target Company

Hornetsecurity

Hannover, Germany
Hornetsecurity is a cloud security provider and secures the IT infrastructure, digital communications, and data of companies and organizations of all sizes. Hornetsecurity was founded in 2007 and is based in Hannover, Germany.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investors Overview 3

Investor

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


Deal Context for Investor #
Overall 45 of 130
Sector: Internet Software and Services 14 of 50
Type: Growth Capital 17 of 74
Country: Germany 1 of 6
Year: 2020 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 SevenRooms

New York, New York, United States

SevenRooms is a fully-integrated, data-driven guest experience platform that helps hospitality operators unlock the full revenue potential of their data. SevenRooms was founded in 2011 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Tellent

Amsterdam, Netherlands

Tellent offers cloud H.R. software tools for companies, from Recruitment and CoreHR to Employee Experience and more. Tellent is based in Amsterdam, Netherlands.

Buy -
Investor

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


Deal Context for Investor #
Overall 70 of 85
Sector: Internet Software and Services 17 of 17
Type: Growth Capital 16 of 21
Country: Germany 7 of 8
Year: 2020 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 CAIA Cosmetics

Lidingo, Sweden

CAIA Cosmetics is an online cosmetics company that offers beauty products at affordable prices directly to the consumer. Since the launch of its first eyeshadow palette, the company’s product range has expanded to a broad range of color cosmetics as well as brushes, accessories, and perfumes. CAIA was formed in 2018 and is based in Lidingo, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 navabi

Aachen, Germany

navabi GmbH in plus size fashion. We curate and create the best and most inspirational plus size fashion collections and offer an ecommerce experience for our style savvy customers. navabi is a network-based organisation without hierarchy that strives for compassion and human excellence. As a team, but also as a business, we want to enable others to express themselves.

Sell -
Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


Deal Context for Investor #
Overall 308 of 375
Sector: Internet Software and Services 24 of 31
Type: Growth Capital 113 of 135
Country: Germany 6 of 9
Year: 2020 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Edifecs

Bellevue, Washington, United States

Edifecs is a provider of data interoperability software solutions in the U.S. healthcare market. Edifecs provides data interoperability software connecting payors, providers and government agencies. The company provides mission-critical software to its customers’ core business processes, with a strong value proposition in reducing administrative cost, workflow automation, ensuring compliance and achieving proper reimbursement from government agencies. Edifecs was founded in 1996 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 Surfaces Group

Cenate Sotto, Italy

Surfaces Group is a global developer and manufacturer of value-add abrasive tools and other consumables sold to manufacturers of high-end ceramic, engineered stone, glass and niche mechanical applications. The company offers a complete set of tools and abrasives for post-production value-add operations, including lapping, polishing, coating, cutting and squaring. Surfaces Group is based in Cenate Sotto, Italy.

Buy -