TCV Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, TCV has acquired 5 companies. It has also invested in 2 others.

TCV’s most common sectors for investment aresoftware (31%) and internet software and services (27%) . The Firm’s most common investment types include venture (36%) and growth capital (30%). In total, TCV has invested in 18 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Travelport Worldwide for $4.3B.

In the last 3 years, TCV has exited 8 companies. The Firm’s most common exit type is trade sale (55%). TCV’s largest (disclosed) exit occurred in 2008 when it sold CNet Networks for $1.8B.

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M&A Summary

M&A Total Activity152
- M&A Buy Activity79
- M&A Sell Activity73
Total Sectors Invested 14
Total Countries Invested 8
M&A Buy/Sell Connections 89
M&A Advisors 10

TCV

250 Middlefield Road,
Menlo Park, California 94025
United States
(650) 614-8200
www.tcv.com

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	30	300
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

300

Enterprise Value

values in millions of USD

Year	≤ '16	'17	'18	'19	'20	'21	T
Buy (1.8/yr)	#	70	2	2	4	1	-	79
vol	$9.2B		$2.4B				$11.6B
Sell (1.8/yr)	#	65	1	4	1	2	1	74
vol	$11.0B		$425M	$619M			$12.1B
	153

Year

≤ '16

'17

'18

'19

'20

'21

Buy (1.8/yr)

vol

$9.2B

$2.4B

$11.6B

Sell (1.8/yr)

vol

$11.0B

$425M

$619M

$12.1B

153

Company	Date	Value	Type
ActiFio, Inc.	2020-12-02	-	Add-on Acquisition
Waltham, Massachusetts · www.actifio.com
AxiomSL, Inc.	2020-10-19	-	Secondary Buyout
New York, New York · www.axiomsl.com
Oversight Systems, Inc.	2020-09-02	-	Secondary Buyout
Atlanta, Georgia · www.oversight.com
Themis Solutions, Inc.	2019-09-04	-	Secondary Buyout
Burnaby, British Columbia · www.clio.com
HireVue, Inc.	2019-09-03	-	Buyout (LBO, MBO, MBI)
South Jordan, Utah · www.hirevue.com
Perceptyx, Inc.	2019-08-12	-	Growth Capital
Temecula, California · www.perceptyx.com
Rave Mobile Safety	2019-04-25	-	Growth Capital
Framingham, Massachusetts · www.ravemobilesafety.com
Webroot, Inc.	2019-02-07	619M USD	Add-on Acquisition
Broomfield, Colorado · www.webroot.com
IQMS.com	2018-12-11	425M USD	Add-on Acquisition
Paso Robles, California · www.iqms.com
eharmony	2018-10-29	-	Add-on Acquisition
Los Angeles, California · www.eharmony.com
View All >>

Company

Date

Value

Type

ActiFio, Inc.

2020-12-02

Add-on Acquisition

Waltham, Massachusetts · www.actifio.com

AxiomSL, Inc.

2020-10-19

Secondary Buyout

New York, New York · www.axiomsl.com

Oversight Systems, Inc.

2020-09-02

Secondary Buyout

Atlanta, Georgia · www.oversight.com

Themis Solutions, Inc.

2019-09-04

Secondary Buyout

Burnaby, British Columbia · www.clio.com

HireVue, Inc.

2019-09-03

Buyout (LBO, MBO, MBI)

South Jordan, Utah · www.hirevue.com

Perceptyx, Inc.

2019-08-12

Growth Capital

Temecula, California · www.perceptyx.com

Rave Mobile Safety

2019-04-25

Growth Capital

Framingham, Massachusetts · www.ravemobilesafety.com

Webroot, Inc.

2019-02-07

619M USD

Add-on Acquisition

Broomfield, Colorado · www.webroot.com

IQMS.com

2018-12-11

425M USD

Add-on Acquisition

Paso Robles, California · www.iqms.com

eharmony

2018-10-29

Add-on Acquisition

Los Angeles, California · www.eharmony.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
Avetta LLC	2018-03-21	Pegasus	2021-05-07	3
Irvine, California · www.avetta.com	Newcastle, Australia · www.pegasus.net.au
Genesys Telecommunications Laboratories, Inc.	2012-02-01	Bold360	2021-03-16	17
Daly City, California · www.genesys.com	Boston, Massachusetts · www.bold360.com
Avetta LLC	2018-03-21	BROWZ LLC	2019-02-14	2
Irvine, California · www.avetta.com	Draper, Utah · www.browz.com
Genesys Telecommunications Laboratories, Inc.	2012-02-01	Angel.com Incorporated	2013-02-26	16
Daly City, California · www.genesys.com	Vienna, Virginia · www.angel.com

Company

Acquired

Add-On/Sale

Date

Avetta LLC

2018-03-21

Pegasus

2021-05-07

Irvine, California · www.avetta.com

Newcastle, Australia · www.pegasus.net.au

Genesys Telecommunications Laboratories, Inc.

2012-02-01

Bold360

2021-03-16

Daly City, California · www.genesys.com

Boston, Massachusetts · www.bold360.com

Avetta LLC

2018-03-21

BROWZ LLC

2019-02-14

Irvine, California · www.avetta.com

Draper, Utah · www.browz.com

Genesys Telecommunications Laboratories, Inc.

2012-02-01

Angel.com Incorporated

2013-02-26

Daly City, California · www.genesys.com

Vienna, Virginia · www.angel.com

Sector	Current #	Value	All-time #	Value
Software	5 (24%)	1.4B (37%)	24 (30%)	1.6B (14%)
Internet Software and Services	8 (38%)	-	21 (27%)	2.3B (20%)
Information Technology	2 (10%)	-	9 (11%)	5.1B (44%)
Financial Services	1 (5%)	-	7 (9%)	-
Business Services	1 (5%)	-	6 (8%)	-
Information Services	1 (5%)	2.4B (63%)	2 (3%)	2.5B (22%)
E-Commerce	1 (5%)	-	2 (3%)	-
Marketing	-	-	2 (3%)	-
Communications	-	-	1 (1%)	-
Consumer Products	-	-	1 (1%)	-
Digital Media	-	-	1 (1%)	-
Distribution	1 (5%)	-	1 (1%)	-
Education	1 (5%)	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Total	21	$3.8B	79	$11.6B

Sector

Current #

Value

All-time #

Value

Software

5 (24%)

1.4B (37%)

24 (30%)

1.6B (14%)

Internet Software and Services

8 (38%)

21 (27%)

2.3B (20%)

Information Technology

2 (10%)

9 (11%)

5.1B (44%)

Financial Services

1 (5%)

7 (9%)

Business Services

1 (5%)

6 (8%)

Information Services

1 (5%)

2.4B (63%)

2 (3%)

2.5B (22%)

E-Commerce

1 (5%)

2 (3%)

Marketing

2 (3%)

Communications

1 (1%)

Consumer Products

1 (1%)

Digital Media

1 (1%)

Distribution

1 (5%)

1 (1%)

Education

1 (5%)

1 (1%)

Test/Measurement Equipment

1 (1%)

Total

$3.8B

$11.6B

State/Country	Current #	Value	All-time #	Value
United States	15 (71%)	1.4B (37%)	67 (85%)	4.0B (35%)
	California	7 (33%)	1.4B (37%)	22 (28%)	1.4B (12%)
	New York	2 (10%)	-	13 (16%)	122M (1%)
	Texas	1 (5%)	-	6 (8%)	200M (2%)
	Massachusetts	1 (5%)	-	5 (6%)	-
	Washington	-	-	4 (5%)	-
	Illinois	-	-	3 (4%)	-
	Georgia	1 (5%)	-	2 (3%)	-
	Pennsylvania	-	-	2 (3%)	71M (1%)
	Virginia	1 (5%)	-	1 (1%)	-
	Utah	1 (5%)	-	1 (1%)	-
	Missouri	1 (5%)	-	1 (1%)	-
	Arizona	-	-	1 (1%)	2.3B (19%)
	South Carolina	-	-	1 (1%)	-
	North Carolina	-	-	1 (1%)	-
	Minnesota	-	-	1 (1%)	-
	Maryland	-	-	1 (1%)	-
	Indiana	-	-	1 (1%)	-
	Colorado	-	-	1 (1%)	-
United Kingdom	2 (10%)	-	4 (5%)	4.3B (37%)
Canada	1 (5%)	-	3 (4%)	-
	Ontario	-	-	2 (3%)	-
	British Columbia	1 (5%)	-	1 (1%)	-
Switzerland	1 (5%)	2.4B (63%)	1 (1%)	2.4B (21%)
France	1 (5%)	-	1 (1%)	-
Finland	1 (5%)	-	1 (1%)	-
India	-	-	1 (1%)	830M (7%)
China	-	-	1 (1%)	-
Total	21	$3.8B	79	$11.6B

State/Country

Current #

Value

All-time #

Value

United States

15 (71%)

1.4B (37%)

67 (85%)

4.0B (35%)

California

7 (33%)

1.4B (37%)

22 (28%)

1.4B (12%)

New York

2 (10%)

13 (16%)

122M (1%)

Texas

1 (5%)

6 (8%)

200M (2%)

Massachusetts

1 (5%)

5 (6%)

Washington

4 (5%)

Illinois

3 (4%)

Georgia

1 (5%)

2 (3%)

Pennsylvania

2 (3%)

71M (1%)

Virginia

1 (5%)

1 (1%)

Utah

1 (5%)

1 (1%)

Missouri

1 (5%)

1 (1%)

Arizona

1 (1%)

2.3B (19%)

South Carolina

1 (1%)

North Carolina

1 (1%)

Minnesota

1 (1%)

Maryland

1 (1%)

Indiana

1 (1%)

Colorado

1 (1%)

United Kingdom

2 (10%)

4 (5%)

4.3B (37%)

Canada

1 (5%)

3 (4%)

Ontario

2 (3%)

British Columbia

1 (5%)

1 (1%)

Switzerland

1 (5%)

2.4B (63%)

1 (1%)

2.4B (21%)

France

1 (5%)

1 (1%)

Finland

1 (5%)

1 (1%)

India

1 (1%)

830M (7%)

China

1 (1%)

Total

$3.8B

$11.6B

Type	Current #	Value	All-time #	Value
Venture	2 (10%)	-	28 (35%)	-
Growth Capital	9 (43%)	-	23 (29%)	-
Buyout (LBO, MBO, MBI)	3 (14%)	-	12 (15%)	2.6B (22%)
Secondary Buyout	3 (14%)	2.4B (63%)	5 (6%)	3.2B (28%)
Stake Purchase	1 (5%)	-	4 (5%)	71M (1%)
PIPE	2 (10%)	-	3 (4%)	-
Divestiture	1 (5%)	1.4B (37%)	2 (3%)	5.7B (49%)
Recapitalization	-	-	2 (3%)	-
Total	21	$3.8B	79	$11.6B

Type

Current #

Value

All-time #

Value

Venture

2 (10%)

28 (35%)

Growth Capital

9 (43%)

23 (29%)

Buyout (LBO, MBO, MBI)

3 (14%)

12 (15%)

2.6B (22%)

Secondary Buyout

3 (14%)

2.4B (63%)

5 (6%)

3.2B (28%)

Stake Purchase

1 (5%)

4 (5%)

71M (1%)

PIPE

2 (10%)

3 (4%)

Divestiture

1 (5%)

1.4B (37%)

2 (3%)

5.7B (49%)

Recapitalization

2 (3%)

Total

$3.8B

$11.6B

Type	Total #	Value
Trade Sale - Public Company	33 (45%)	8.1B (71%)
IPO	19 (26%)	-
Trade Sale	15 (20%)	2.3B (20%)
Secondary Sale	3 (4%)	1.1B (10%)
Merger	2 (3%)	-
Bankruptcy	1 (1%)	-
SPAC	1 (1%)	-
Total	74	$11.5B

Type

Total #

Value

Trade Sale - Public Company

33 (45%)

8.1B (71%)

IPO

19 (26%)

Trade Sale

15 (20%)

2.3B (20%)

Secondary Sale

3 (4%)

1.1B (10%)

Merger

2 (3%)

Bankruptcy

1 (1%)

SPAC

1 (1%)

Total

$11.5B

Financial	Deals
William Blair & Co. LLC	1
Barclays Investment Bank	1
Arma Partners LLP	1

Financial

Deals

William Blair & Co. LLC

Barclays Investment Bank

Arma Partners LLP

Legal	Deals
Weil Gotshal & Manges LLP	2
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP	1
Simpson Thacher & Bartlett LLP	1

Legal

Deals

Weil Gotshal & Manges LLP

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP

Simpson Thacher & Bartlett LLP

buy	#	Total
> $1B	4	$10.3B
$100M to $1B	3	$1.2B
< $100M	1	$71M
TOTAL	$11.6B
Largest	Travelport Worldwide Ltd. $4.3B (2006-08-23)

buy

Total

> $1B

$10.3B

$100M to $1B

$1.2B

< $100M

$71M

TOTAL

$11.6B

Largest

Travelport Worldwide Ltd.
$4.3B (2006-08-23)

sell	#	Total
> $1B	3	$4.0B
$100M to $1B	18	$7.9B
< $100M	3	$181M
TOTAL	$12.1B
Largest	CNet Networks, Inc. $1.8B (2008-06-30)

sell

Total

> $1B

$4.0B

$100M to $1B

$7.9B

< $100M

$181M

TOTAL

$12.1B

Largest

CNet Networks, Inc.
$1.8B (2008-06-30)

		Deals
Acquired from
Investor(s)	6%	5 (6%)
Strategic(s)	3%	2 (3%)
Exited to
Investor(s)	4%	3 (4%)
Strategic(s)	54%	40 (54%)

Deals

Acquired from

Investor(s)

5 (6%)

Strategic(s)

2 (3%)

Exited to

Investor(s)

3 (4%)

Strategic(s)

40 (54%)

TCV Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

TCV

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Jay Hoag

Rick Kimball

Gopi Vaddi

Jake Reynolds

John Doran

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Legal

TCV Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

TCV

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Jay Hoag

Rick Kimball

Gopi Vaddi

Jake Reynolds

John Doran

Subscribe to unlock this and 169,851 investor and company profiles

Sign-up today to get full access

What's Mergr?

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

Search

Ready to try?

Product

Company

Legal

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investor and company profiles