Investment Summary

Guidepost Growth Equity and Spring Lake Equity Partners Invest In Allegro Development

On January 31, 2008, growth capital firm Guidepost Growth Equity and venture capital firm Spring Lake Equity Partners invested in software company Allegro Development

Investment Highlights
  • This is Guidepost Growth Equity’s 1st and Spring Lake Equity Partners’ 4th transaction in the Software sector.
  • This is Guidepost Growth Equity’s 1st and Spring Lake Equity Partners’ 14th transaction in the United States.
  • This is Guidepost Growth Equity’s 1st and Spring Lake Equity Partners’ 1st transaction in Texas.
Investment Fate
  • Allegro Development was recapitalized in 2014.
  • Allegro Development was sold to a strategic buyer in 2019.

Investment Summary

Date 2008-01-31
Target Allegro Development
Sector Software
Investor(s) Guidepost Growth Equity
Spring Lake Equity Partners
Deal Type Venture

Target

Allegro Development

Dallas, Texas, United States
Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

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Investor(S) 2

DESCRIPTION

North Bridge is an investment firm focused on providing seed, venture, and growth capital to technology enabled companies. Specific areas of interest include communications and infrastructure, software, materials, and digital media. For later stage growth transactions, North Bridge generally looks to acquire majority (or minority) positions to help fund liquidity needs, growth initiatives, or acquisitions. North Bridge was formed in 1994 and has offices in Waltham, Massachusetts and Palo Alto, California.


DEAL STATS #
Overall 1 of 33
Sector: Software M&A 1 of 9
Type: Venture M&A Deals 1 of 6
State: Texas M&A 1 of 2
Country: United States M&A 1 of 28
Year: 2008 M&A 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-19 iMakeNews

Waltham, Massachusetts, United States

iMakeNews, Inc. is a digital marketing company that delivers newsletters and content for automotive and other vertical markets.

Buy -
DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


DEAL STATS #
Overall 14 of 26
Sector: Software M&A 4 of 8
Type: Venture M&A Deals 12 of 20
State: Texas M&A 1 of 1
Country: United States M&A 14 of 25
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 VIX

Coral Gables, Florida, United States

VIX, Inc. is an independent digital media company, that creates content that sparks curiosity and adds value to millions of people every day. Our content lives at VIX.com and across a variety of social platforms such as Facebook, Instagram, and YouTube. VIX was formed in 1999 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 Linux Networx

Bluffdale, Utah, United States

Linux Networx sells high-performance computing (HPC) systems based on the Linux operating system. Linux Networx uses a clustered architecture approach, integrating dozens to up to a thousand or more off-the-shelf processors in a single system along with its proprietary management software.

Sell -