Investment Summary

Battery Ventures and Silver Lake Invest In Clubessential

On July 21, 2016, private equity firms Battery Ventures and Silver Lake invested in information technology company Clubessential

Investment Highlights
  • This is Battery Ventures’ 9th and Silver Lake’s 11th transaction in the Information Technology sector.
  • This is Battery Ventures’ 53rd and Silver Lake’s 61st transaction in the United States.
  • This is Battery Ventures’ 1st and Silver Lake’s 2nd transaction in Ohio.

Investment Summary

Date 2016-07-21
Target Clubessential
Sector Information Technology
Investor(s) Battery Ventures
Silver Lake
Deal Type Growth Capital

Target

Clubessential

Cincinnati, Ohio, United States
Clubessential provides a full suite of membership and club management solutions to country, golf, city, yacht, and other private clubs. Clubessential was founded in 1998 and is based in Cincinnati, Ohio.

Search 201,771 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 65 of 116
Sector (Information Technology) 9 of 20
Type (Growth Capital) 22 of 36
State (Ohio) 1 of 2
Country (United States) 53 of 77
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Alogent

Peachtree Corners, Georgia, United States

Alogent provides end-to-end payment processing, content management, digital banking, and loan origination technologies to financial institutions, currently including over 2,400 credit unions, community and regional banks, and some of the largest national and international institutions. Alogent was founded in 1995 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Cross River Bank

Fort Lee, New Jersey, United States

Cross River Bank is a provider of API-based banking platform and comprehensive suite of products encompassing lending, payments, risk management and Banking-as-a-Service (BaaS) offerings to deliver responsible financial solutions that empower businesses and consumers anytime, anywhere. Cross River Bank was founded in 2008 and is based in Fort Lee, New Jersey.

Buy -
Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 81 of 135
Sector (Information Technology) 11 of 19
Type (Growth Capital) 20 of 33
State (Ohio) 2 of 3
Country (United States) 61 of 95
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 AVI-SPL

Tampa, Florida, United States

AVI-SPL is an AV and VC solutions and services provider. The Company provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers and a variety of other end markets. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -