Investment Summary

Rizvi Traverse Management, DST Global, Elevation Partners, TCV, Goldman Sachs Merchant Banking, Quilvest Capital Partners, General Atlantic and Microsoft Invest In Facebook

On October 24, 2007, private equity firm Rizvi Traverse Management, DST Global, private equity firm Elevation Partners, private equity firm TCV, private equity firm Goldman Sachs Merchant Banking, private equity firm Quilvest Capital Partners, growth capital firm General Atlantic and Microsoft invested in internet software and services company Facebook

Investment Highlights
  • This is Rizvi Traverse Management’s 1st, DST Global’s 3rd, Elevation Partners’ 1st, TCV’s 6th, Goldman Sachs Merchant Banking’s 1st, Quilvest Capital Partners’ 2nd, General Atlantic’s 8th and Microsoft’s 19th transaction in the Internet Software and Services sector.
  • This is Rizvi Traverse Management’s 3rd, DST Global’s 1st, Elevation Partners’ 5th, TCV’s 34th, Goldman Sachs Merchant Banking’s 37th, Quilvest Capital Partners’ 18th, General Atlantic’s 34th and Microsoft’s 67th transaction in the United States.
  • This is Rizvi Traverse Management’s 3rd, DST Global’s 1st, Elevation Partners’ 4th, TCV’s 10th, Goldman Sachs Merchant Banking’s 4th, Quilvest Capital Partners’ 3rd, General Atlantic’s 8th and Microsoft’s 18th transaction in California.
Investment Fate
  • Facebook went public in 2012.

Investment Summary

Date 2007-10-24
Target Facebook
Sector Internet Software and Services
Investor(s) Rizvi Traverse Management
DST Global
Elevation Partners
TCV
Goldman Sachs Merchant Banking
Quilvest Capital Partners
General Atlantic
Microsoft
Deal Type Stake Purchase

Target

Facebook

Menlo Park, California, United States
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.
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.

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Investor(S) 8

DESCRIPTION

Rizvi Traverse Management is an investment group that provides a variety of financing solutions. The Firm's Private Equity practice seeks opportunities across all industries and targets growth capital situations, turnarounds, bankruptcies, privatizations, PIPEs, and acquisition financings. Rizvi is based in Birmingham, Michigan.


DEAL STATS #
Overall 3 of 8
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 3 of 6
Country: United States M&A 3 of 8
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Summit Entertainment

Santa Monica, California, United States

Summit Entertainment LLC is a theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both its own internally developed motion pictures as well as acquired films.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 ZCM

Chicago, Illinois, United States

ZCM provides separate account management for individuals, corporations, foundations and endowments. ZCM offers a range of equity, fixed income and alternative products for its clients. ZCM is based in Chicago, Illinois.

Buy -
Investor

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 3 of 9
Sector: Internet Software and Services M&A 3 of 6
Type: Stake Purchase M&A Deals 2 of 2
State: California M&A 1 of 3
Country: United States M&A 1 of 4
Year: 2007 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Free-lance.ru

Russia

Free-lance.ru is a web based service offering its users a search engine for remote jobs and project contractors. This is the biggest remote job market on the Russian Internet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 VK Company

Limassol, Cyprus

VK Company is an Internet company in the Russian-speaking world and the leading Internet company in Russia, based on global monthly unique users. VK Company was founded in 1998 and is based in Limassol, Cyprus.

Buy -
Investor

Elevation Partners

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Elevation Partners is a private equity firm that makes investments in media, entertainment, and consumer related companies. The Firm focuses on investing in intellectual property and content oriented businesses, as well as traditional media and entertainment assets. Elevation seeks to invest between $50 and $300 million in each transaction to help support growth and other initiatives. Elevation Partners was formed in 2005 and is based in Menlo Park, California with an additional office in New York City.


DEAL STATS #
Overall 6 of 8
Sector: Internet Software and Services M&A 1 of 3
Type: Stake Purchase M&A Deals 2 of 2
State: California M&A 4 of 6
Country: United States M&A 5 of 7
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-12 BioWare

Edmonton, Alberta, Canada

BioWare Corp. is a video game developer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 MarketShare Partners

Los Angeles, California, United States

MarketShare Partners LLC is a provider of cloud-based information services, enabling marketing and IT security professionals to promote and protect their businesses.

Buy -
Investor

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 39 of 85
Sector: Internet Software and Services M&A 6 of 26
Type: Stake Purchase M&A Deals 2 of 4
State: California M&A 10 of 20
Country: United States M&A 34 of 70
Year: 2007 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-16 Voltari

New York, New York, United States

Voltari is in the business of acquiring, financing, and leasing commercial real properties. The company leases its properties and intends to lease any future properties pursuant to "double net" or "triple net" leases. Voltari is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 AllBusiness.com

San Francisco, California, United States

A destination for small businesses to find resources for administrative and professional functions in areas ranging from HR and finance to technology and marketing.

Sell $55M
Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 51 of 189
Sector: Internet Software and Services M&A 1 of 14
Type: Stake Purchase M&A Deals 6 of 13
State: California M&A 4 of 16
Country: United States M&A 37 of 130
Year: 2007 M&A 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-10 Energy Future Holdings

Dallas, Texas, United States

Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets.

Buy $44.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-13 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs. Sprint Industrial was formed in 2001 and is based in Houston, Texas.

Buy -
Investor

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 50 of 105
Sector: Internet Software and Services M&A 2 of 4
Type: Stake Purchase M&A Deals 14 of 25
State: California M&A 3 of 8
Country: United States M&A 18 of 44
Year: 2007 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-11 Marco Aldany

Madrid, Spain

Marco Aldany is a hairdressing chain with a network of more than 300 beauty and hairdressing salons with full national coverage. Marco Aldany was formed in 1997 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Swoon

France

Swoon of high-end children wear.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 60 of 364
Sector: Internet Software and Services M&A 8 of 78
Type: Stake Purchase M&A Deals 10 of 42
State: California M&A 8 of 47
Country: United States M&A 34 of 175
Year: 2007 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-14 WuXi AppTec

Shanghai, China

WuXi AppTec is a provider of pharmaceutical, biotechnology, and medical device companies with a broad and integrated portfolio of laboratory and manufacturing services throughout the drug and medical device R&D process. WuXi AppTec was founded in 2000 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 B3

Sao Paulo, Brazil

B3 provides equities, futures and commodities exchange. B3 was founded in 2007 and is based in Sao Paulo, Brazil.

Buy -
Investor

Microsoft

Redmond, Washington, United States

Category Company
Founded 1975
Sector Software
Employees228,000
Revenue 245.1B USD (2024)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.


DEAL STATS #
Overall 87 of 213
Sector: Internet Software and Services M&A 19 of 57
Type: Stake Purchase M&A Deals 1 of 3
State: California M&A 18 of 57
Country: United States M&A 67 of 153
Year: 2007 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 Jellyfish

Middleton, Wisconsin, United States

Jellyfish, Inc. is a provider of digital marketing services to brands i.e., Samsung, Uber, Nestle, Deckers, Spotify, and eBay. Jellyfish was founded in 2005 and is based in Middleton, Wisconsin.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 Global Care Solutions

Bangkok, Thailand

Global Care Solutions, a Thailand-based provider of health care software.

Buy -