Investment Summary

Exits Redback Networks

On May 18, 1999, invested in technology hardware company Redback Networks from TCV

Investment Highlights
  • This is transaction in the Technology Hardware sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Redback Networks was sold to a strategic buyer in 2006 for 1.9B USD.

Investment Summary

Date 1999-05-18
Target Redback Networks
Sector Technology Hardware
Sellers(s) TCV
Deal Type IPO

Target

Redback Networks

San Jose, California, United States
website
Redback Networks, Inc. provides subscriber management systems and edge routers for carriers' broadband access networks. Redback has over 700 carrier customers in more than 80 countries and employs about 800 people, including 500 R&D engineers.

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Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 3 of 77
Sector (Technology Hardware) 1 of 4
Type (IPO) 1 of 20
State (California) 1 of 30
Country (United States) 3 of 69
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Fandango

Los Angeles, California, United States

Fandango, Inc. is an online movie destination and ticketing source. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-24 Extricity

Belmont, California, United States

Extricity, Inc. is a provider of relationship management software. Enables global enterprises to automate shared business interactions between companies along their entire value chain, using the internet.

Buy -