Investment Summary

ICONIQ Capital, DFO Management and Silver Lake Invest In Airtable

On December 13, 2021, growth capital firm ICONIQ Capital, family office DFO Management and private equity firm Silver Lake invested in information technology company Airtable

Investment Highlights
  • This is ICONIQ Capital’s 13th, DFO Management’s 1st and Silver Lake’s 18th transaction in the Information Technology sector.
  • This is ICONIQ Capital’s 75th, DFO Management’s 14th and Silver Lake’s 87th transaction in the United States.
  • This is ICONIQ Capital’s 37th, DFO Management’s 4th and Silver Lake’s 33rd transaction in California.

Investment Summary

Date 2021-12-13
Target Airtable
Sector Information Technology
Investor(s) ICONIQ Capital
DFO Management
Silver Lake
Deal Type Venture

Target

Airtable

San Francisco, California, United States
Airtable is a connected apps platform that enables teams to modernize their business processes. The company’s low-code tools are used by more than 250,000 organizations globally, including 80% of fortune 100 companies, to power critical departmental workflows including planning product releases, managing global marketing campaigns, and supporting the entire back office of an organization. Airtable was founded in 2012 and is based in San Francisco, California.

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Investor(S) 3

Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ICONIQ Capital is a private investment firm that manages capital on behalf of high-net-worth individuals, families, and institutions, with a particular focus on the technology sector. The Firm operates across multiple investment strategies including growth equity, venture capital, real estate, and philanthropic initiatives. ICONIQ Capital was formed in 2011 and is based in San Francisco, California.


DEAL STATS #
Overall 85 of 91
Sector: Information Technology M&A 13 of 14
Type: Venture M&A Deals 66 of 72
State: California M&A 37 of 40
Country: United States M&A 75 of 80
Year: 2021 M&A 33 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 HashiCorp

San Francisco, California, United States

HashiCorp provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data. HashiCorp was founded in 2012 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Dialpad

San Ramon, California, United States

Dialpad is a provider of cloud business communications provider with Dialpad, UberConference, Call Center and VoiceAI. Dialpad is based in San Ramon, California.

Buy -
Investor

DFO Management

New York, New York, United States

Investor Investor


Category Family Office
Founded 1998
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

DFO Management is the private investment vehicle for Michael Dell, founder of Dell Computers. The Firm targets investment opportunities across the US and internationally and is split into several groups. These include Public Equity, Special Opportunities, Private Equity, Real Estate, and Partnerships. The Private Equity group targets transactions that include leveraged and management buyouts, take privates, mezzanine debt and other structured investments, PIPEs and growth equity financings, platform acquisitions and roll-ups, and partnerships with other financial sponsors. DFO looks to commit $100 to $250 million per transaction and prefers investments in non-technology companies. DFO Management was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 15 of 16
Sector: Information Technology M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: California M&A 4 of 4
Country: United States M&A 14 of 15
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 West Monroe Partners

Chicago, Illinois, United States

West Monroe Partners is a provider of business and technology consultancy services. West Monroe Partners was founded in 2002 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 National Amusements

Norwood, Massachusetts, United States

National Amusements is a motion picture exhibition industry operating 837 movie screens in the U.S., U.K. and Latin America. National Amusements delivers a superior entertainment experience in theatres around the world under its Showcase, Cinema de Lux, Multiplex, SuperLux and UCI brands. National Amusements was founded in 1936 and is based in Norwood, Massachusetts.

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 125 of 136
Sector: Information Technology M&A 18 of 18
Type: Venture M&A Deals 10 of 10
State: California M&A 33 of 37
Country: United States M&A 87 of 96
Year: 2021 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Software AG

Darmstadt, Germany

Software AG is a provider of infrastructure software. The Company conducts its operations through two business divisions: enterprise transaction systems and webmethods. Software AG was founded in 1969 and is based in Darmstadt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Australian Professional Leagues

Sydney, Australia

Australian Professional Leagues is into operation, commercialization and marketing of professional football. Australian Professional Leagues is based in Sydney, Australia.

Buy -