M&A Deal Summary

Great Hill Partners Acquires Jumio

On March 23, 2021, private equity firm Great Hill Partners acquired internet software and services company Jumio from Centana Growth Partners for 150M USD

Acquisition Highlights
  • This is Great Hill Partners’ 29th transaction in the Internet Software and Services sector.
  • This is Great Hill Partners’ 4th largest (disclosed) transaction.
  • This is Great Hill Partners’ 77th transaction in the United States.
  • This is Great Hill Partners’ 12th transaction in California.

M&A Deal Summary
Date 2021-03-23
Target Jumio
Sector Internet Software and Services
Buyer(s) Great Hill Partners
Sellers(s) Centana Growth Partners
Deal Type Secondary Buyout
Deal Value 150M USD
Advisor(s) Evercore Group (Financial)
Winston & Strawn (Legal)

Target

Jumio

Sunnyvale, California, United States
Jumio is an operator of online and mobile credentials authentication company that helps businesses reduce fraud and increase revenue while providing a fast, seamless customer experience. The company utilizes proprietary computer vision technology to reduce customer sign-up and checkout friction and verify credentials issued from over 120 countries in real-time web and mobile transactions. Jumio was founded in 2010 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 91 of 97
Sector (Internet Software and Services) 29 of 31
Type (Secondary Buyout) 13 of 14
State (California) 12 of 13
Country (United States) 77 of 81
Year (2021) 3 of 8
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 Notonthehighstreet

Surrey, United Kingdom

Notonthehighstreet is an operator of a curated modern marketplace connecting the small creative businesses with the world. Bringing together 3.6million customers with more than 5000 small creative businesses selling more than 250,000 products, notonthehighstreet offers a curated product selection with unique designs, high-quality craftsmanship, and inspiring stories about the people who make them - while providing small businesses across the UK with an engaged customer base, expert business support, and ready-made tech and data infrastructure. Notonthehighstreet was founded in 2006 and is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Reward Gateway

London, United Kingdom

Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London.

Sell £1.2B

Seller(S) 1

SELLER

Centana Growth Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2015
Size Middle-Market
Type Sector Focused
DESCRIPTION

Centana Growth Partners is a growth oriented investment firm focused on opportunities in the fin tech and enterprise technology sectors. Centana looks to invest in rapidly growing companies to sustain or accelerate growth, for working capital, to fund acquisitions, or improve balance sheets. Centana has offices in Palo Alto, California and New York City.

DEAL STATS #
Overall 3 of 6
Sector (Internet Software and Services) 1 of 2
Type (Secondary Buyout) 1 of 2
State (California) 2 of 4
Country (United States) 3 of 6
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Quantitative Brokers

New York, New York, United States

Quantitative Brokers is an independent, global financial technology company, provides advanced algorithms and data-driven pre and post-trade analytics to clients in the Futures, Options, and interest rate markets. The company is built on a research-driven culture, market microstructure know-how, and algorithmic engineering expertise. QB continually develops and innovates an evolving suite of products to reduce and measure implicit trading costs for its clients. Quantitative Brokers was founded in 2008 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Teikametrics

Boston, Massachusetts, United States

Teikametrics is a provider of eCommerce and optimization technology software and solutions for Amazon. Teikametrics was founded in 2011 and is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

Legal