M&A Deal Summary

Great Hill Partners Acquires Notonthehighstreet

On February 9, 2021, private equity firm Great Hill Partners acquired e-commerce company Notonthehighstreet from Eight Roads

Acquisition Highlights
  • This is Great Hill Partners’ 7th transaction in the E-Commerce sector.
  • This is Great Hill Partners’ 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-02-09
Target Notonthehighstreet
Sector E-Commerce
Buyer(s) Great Hill Partners
Sellers(s) Eight Roads
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)

Target

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.

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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 90 of 98
Sector: E-Commerce M&A 7 of 7
Type: Secondary Buyout M&A Deals 12 of 15
Country: United Kingdom M&A 5 of 6
Year: 2021 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 BigChange

Leeds, United Kingdom

BigChange is a mobile workforce management technology company for the service and transport sectors. BigChange’s tools provide job scheduling, customer invoicing and payments automation, mobile workforce management, and client engagement. BigChange was founded in 2013 and is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 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.

Buy $150M

Seller(S) 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 73 of 124
Sector: E-Commerce M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 4
Country: United Kingdom M&A 6 of 11
Year: 2021 M&A 5 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 Adagene

Suzhou, China

Adagene is a private, global, clinical-stage immunotherapy company redefining the discovery and design of antibodies to open new horizons in the treatment of cancer. Adagene was founded in 2011 and is based in Suzhou, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Zomentum

Lewes, Delaware, United States

Zomentum is a provider of a revenue platform for technology partners. The Company's revolutionary end-to-end platform consolidates numerous tools while enabling technology partners to earn, grow and manage revenue quickly and cost-effectively. Zomentum was founded in 2018 and is based in Lewes, Delaware.

Buy -