Investment Summary

DST Global, CapitalG, TPG, CBC-Capital and Silver Lake Exits Airbnb

On December 10, 2020, invested in internet software and services company Airbnb from DST Global, CapitalG, TPG, CBC-Capital and Silver Lake

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2020-12-10
Target Airbnb
Sector Internet Software and Services
Sellers(s) DST Global
CapitalG
TPG
CBC-Capital
Silver Lake
Deal Type IPO

Target

Airbnb

San Francisco, California, United States
Airbnb is a hospitality company that connects travelers with landlords in markets around the world. Airbnb was incorporated in 2007 and is based in San Francisco, California.

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Seller(S) 5

SELLER

DST Global

Moscow, Russia

Category Private Equity Firm
Founded 2005
Size Large
Type Sector Focused
DESCRIPTION

Digital Sky Technologies (DST) is a global private investment group focused on investing in or acquiring internet software/service businesses. DST will consider opportunities in social networking and communications, e-payment solutions, online marketplaces, social games, and vertical specific websites. The Firm is willing to be a majority or minority investor and can handle investments from as little as $1 million to as much $200 million (with a typical deal size of $10 to $100 million). DST generally prefers profitable companies. DST was formed in 2005 and is based in Moscow with an additional office in London.


DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 4 of 4
Type: IPO M&A Deals 6 of 6
State: California M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 Facebook

Menlo Park, California, United States

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

Sell -
SELLER

CapitalG

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.


DEAL STATS #
Overall 11 of 16
Sector: Internet Software and Services M&A 7 of 9
Type: IPO M&A Deals 4 of 9
State: California M&A 6 of 8
Country: United States M&A 10 of 15
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Astound Broadband

Princeton, New Jersey, United States

Astound Broadband is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound Broadband was founded in 1993 and is based in Princeton, New Jersey.

Sell $8.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Oscar Health

New York, New York, United States

Oscar Health is a health insurance company built around a full-stack technology platform and a relentless focus on serving its members. The company's mission is to make a healthier life accessible and affordable for all. Oscar Health was founded in 2012 and is based in New York City.

Sell -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 226 of 277
Sector: Internet Software and Services M&A 16 of 19
Type: IPO M&A Deals 68 of 82
State: California M&A 55 of 64
Country: United States M&A 164 of 199
Year: 2020 M&A 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 C3.ai

Redwood City, California, United States

C3.ai is an enterprise AI software provider for accelerating digital transformation. The proven C3 AI Suite provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches. C3.ai was founded in 2009 and is based in Redwood City, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Funlab

Abbotsford, Australia

Funlab is a out-of-home entertainment company focused on differentiated consumer centric experiences. It has a portfolio of indoor entertainment concepts anchored by premium alcohol and food offerings and supported by bespoke partnership with leading brands. Funlab was founded in 2001 and is based in Abbotsford, Victoria.

Buy -
SELLER

CBC-Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CBC-Capital is a private equity firm focused on acquiring and investing in technology, media, and telecommunications companies throughout Asia. CBC-Capital was formed in 2006 and is headquartered in Beijing.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 Canara

Atlanta, Georgia, United States

Canara, Inc. is a provider of predictive analytics and critical facility services. Canara offers subscription-based services and hardware-based options to meet customers’ financial and operational needs. Canara, Inc. was formed in 1992 and is based in Atlanta, Georgia.

Buy -
SELLER

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 56 of 66
Sector: Internet Software and Services M&A 10 of 10
Type: IPO M&A Deals 20 of 24
State: California M&A 16 of 19
Country: United States M&A 43 of 51
Year: 2020 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 G42

Abu Dhabi, United Arab Emirates

G42’s artificial intelligence, cloud computing, and technology offerings have enabled its clients to address a wide range of opportunities, including digitizing large enterprises, improving regional healthcare, and enhancing government services. G42 was founded in 2018 and is based in Abu Dhabi, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Verily

Dallas, Texas, United States

Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily is based in Dallas, Texas.

Buy -