Investment Summary

Francisco Partners Invests In Betterment

On March 29, 2016, private equity firm Francisco Partners invested in financial services company Betterment

Investment Highlights
  • This is Francisco Partners’ 4th transaction in the Financial Services sector.
  • This is Francisco Partners’ 60th transaction in the United States.
  • This is Francisco Partners’ 5th transaction in New York.

Investment Summary
Date 2016-03-29
Target Betterment
Sector Financial Services
Investor(s) Francisco Partners
Deal Type Growth Capital

Target

Betterment

New York, New York, United States
Betterment is an online wealth management platform. Betterment leverages its proprietary software and vertically-integrated technology platform to help retail investors better manage, protect, and grow their wealth, all at a much lower cost than traditional asset managers. The Company’s algorithms automatically invest a customer’s assets across a portfolio of exchange traded funds (ETFs), rebalances investor portfolios, reinvests dividends, and drives ongoing tax loss harvesting to optimize long-term returns. Betterment was founded in 2008 and is based in New York, New York.

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Investor(S) 1

Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 75 of 157
Sector (Financial Services) 4 of 4
Type (Growth Capital) 15 of 37
State (New York) 5 of 13
Country (United States) 60 of 132
Year (2016) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Avalon Healthcare Solutions

Tampa, Florida, United States

Avalon Healthcare Solutions is a clinical and information technology company that helps physicians, consumers, and payers manage the cost effective use of thousands of diagnostic laboratory tests. Avalon uses evidence-based medical science to develop and deploy clinical policies and proprietary software and to manage a national network of providers in the dynamic, complex lab environment. Avalon Healthcare Solutions was founded in 2013 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-27 Operative

New York, New York, United States

Operative is a provider of software solutions to the media industry. Operative is the preferred business software partner for over 150 of the world’s top media brands. No other software company brings a comparable depth of experience to create truly innovative software that performs across all platforms, revenue models, and business units. Operative is based in New York, New York.

Buy -
Mergr

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