Investment Summary

Warburg Pincus, The Blackstone Group and Centana Growth Partners Invest In Beacon

On October 13, 2021, private equity firm Warburg Pincus, private equity firm The Blackstone Group and growth capital firm Centana Growth Partners invested in internet software and services company Beacon

Investment Highlights
  • This is Warburg Pincus’ 35th, The Blackstone Group’s 16th and Centana Growth Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Warburg Pincus’ 219th, The Blackstone Group’s 187th and Centana Growth Partners’ 12th transaction in the United States.
  • This is Warburg Pincus’ 19th, The Blackstone Group’s 21st and Centana Growth Partners’ 2nd transaction in New York.
Investment Fate
  • Beacon was sold to a publicly-traded strategic buyer in 2025.

Investment Summary

Date 2021-10-13
Target Beacon
Sector Internet Software and Services
Investor(s) Warburg Pincus
The Blackstone Group
Centana Growth Partners
Deal Type Venture

Target

Beacon

New York, New York, United States
Beacon is a cloud-based platform for quant development that enables users to build custom trading and risk management applications. The integrated development environment and a web application framework make developing applications faster and easier. Beacon was founded in 2014 and is based in New York, New York.

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Investor(S) 3

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 449 of 492
Sector: Internet Software and Services M&A 35 of 37
Type: Venture M&A Deals 67 of 70
State: New York M&A 19 of 21
Country: United States M&A 219 of 241
Year: 2021 M&A 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Abbisko Therapeutics

Shanghai, China

Abbisko Therapeutics is an oncology focused biopharmaceutical company dedicated to the discovery and development of innovative medicines for unmet medical needs in China and around the world. Abbisko Therapeutics was founded in 2016 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 TRC

Windsor, Connecticut, United States

TRC is a global firm providing environmentally focused and digitally powered solutions that address the local needs of clients in consulting, construction, engineering, and management services, combining science with the latest technology to devise solutions that stand the test of time. TRC was formed in 1969 and is based in Windsor, Connecticut.

Buy -
Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 299 of 364
Sector: Internet Software and Services M&A 16 of 24
Type: Venture M&A Deals 6 of 6
State: New York M&A 21 of 25
Country: United States M&A 187 of 230
Year: 2021 M&A 22 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 VFS Global

Dubai, United Arab Emirates

VFS Global is an industry pioneer and the global number one provider of visa process outsourcing services for governments and diplomatic missions worldwide. The company also provides passport, consular, and other citizen services to governments. VFS Global was founded in 2001 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Spanx

Atlanta, Georgia, United States

Spanx is a apparel company specializing in shapewear and other garments for women. Spanx was founded in 2000 and is based in Atlanta, Georgia.

Buy $1.2B
DESCRIPTION

Centana Growth Partners is a growth oriented investment firm focused on opportunities in the fin tech and enterprise technology sectors. Centana looks to invest in rapidly growing companies to sustain or accelerate growth, for working capital, to fund acquisitions, or improve balance sheets. Centana has offices in Palo Alto, California and New York City.


DEAL STATS #
Overall 14 of 16
Sector: Internet Software and Services M&A 5 of 6
Type: Venture M&A Deals 11 of 12
State: New York M&A 2 of 2
Country: United States M&A 12 of 13
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Sayari

Washington, District of Columbia, United States

Sayari is a provider of financial intelligence and supply chain risk solutions. Sayari’s data intelligence platform powers the fight against global financial crime increases corporate transparency in high-risk places and supports critical national security mission sets. Sayari was founded in 2015 and is based in Washington DC.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Athennian

Calgary, Alberta, Canada

Athennian is a cloud-based business entity management platform that powers legal, finance, and tax professionals to seamlessly manage and automate corporate entities. Athennian was founded in 2017 and is based in Calgary, Alberta.

Buy -