IPO • Internet Software and Services

Elevation Partners and Northgate Capital Exits Yelp

On March 2, 2012, invested in internet software and services company Yelp from Elevation Partners and Northgate Capital

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

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Investment Summary

Date March 2, 2012
Target Yelp
Sector Internet Software and Services
Sellers(s) Elevation Partners
Northgate Capital
Deal Type IPO

Target Company

Yelp

San Francisco, California, United States
Entrance to Yelp's corporate headquarters in downtown San Francisco, California.
Entrance to Yelp's corporate headquarters in downtown San Francisco, California.
Yelp is a web-based software platform that connects people with local businesses. Yelp allows users to review businesses and locate a variety of local services. Yelp was founded in 2004 and is based in San Francisco, California.
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Seller Profiles 2

SELLER

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 Context for Seller #
Overall 4 of 7
Sector: Internet Software and Services 1 of 3
Type: IPO 1 of 2
State: California 3 of 6
Country: United States 3 of 6
Year: 2012 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-28 Palm

Sunnyvale, California, United States

Palm, Inc. is a provider of mobile devices that enable users to access and share any information, anywhere. Palm has been a pioneer in mobile since its inception, with such innovations as the PalmPilot™ (the most successful PDA in history), Graffiti™ (a simplified alphabet to input letters into the PalmPilot), and Palm® webOS™ (the first operating system built exclusively for mobile use).

Sell $1.2B
FOLLOWING 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

Northgate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.


Deal Context for Seller #
Overall 4 of 19
Sector: Internet Software and Services 1 of 4
Type: IPO 2 of 9
State: California 4 of 18
Country: United States 4 of 19
Year: 2012 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-31 Jive Software

Palo Alto, California, United States

Jive Software, Inc. is the provider of modern communication and collaboration solutions for business. Its products apply powerful technology that helps employees, partners and customers work better together.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-20 Proofpoint

Sunnyvale, California, United States

Proofpoint is a security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Proofpoint was founded in 2002 and is based in Sunnyvale, California.

Sell -