Investment Summary

Guidepost Growth Equity, KKR, Goldman Sachs Merchant Banking and General Atlantic Invest In OutSystems

On February 2, 2016, growth capital firm Guidepost Growth Equity, private equity firm KKR, private equity firm Goldman Sachs Merchant Banking and growth capital firm General Atlantic invested in internet software and services company OutSystems

Investment Highlights
  • This is Guidepost Growth Equity’s 8th, KKR’s 11th, Goldman Sachs Merchant Banking’s 5th and General Atlantic’s 26th transaction in the Internet Software and Services sector.
  • This is Guidepost Growth Equity’s 17th, KKR’s 82nd, Goldman Sachs Merchant Banking’s 85th and General Atlantic’s 78th transaction in the United States.
  • This is Guidepost Growth Equity’s 3rd, KKR’s 3rd, Goldman Sachs Merchant Banking’s 6th and General Atlantic’s 5th transaction in Massachusetts.

Investment Summary

Date 2016-02-02
Target OutSystems
Sector Internet Software and Services
Investor(s) Guidepost Growth Equity
KKR
Goldman Sachs Merchant Banking
General Atlantic
Deal Type Venture

Target

OutSystems

Boston, Massachusetts, United States
OutSystems provides a platform that enables enterprise customers to rapidly develop software applications in a “low code” environment using a visual, model-based approach, instead of traditional programming methods. OutSystems was founded in 2001 and is based in Boston, Massachusetts.

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Investor(S) 4

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 18 of 33
Sector: Internet Software and Services M&A 8 of 11
Type: Venture M&A Deals 4 of 6
State: Massachusetts M&A 3 of 5
Country: United States M&A 17 of 28
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Contact Solutions

Reston, Virginia, United States

Contact Solutions, Inc. is a provider of cloud-based voice and mobile customer care solutions.

Sell -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 201 of 502
Sector: Internet Software and Services M&A 11 of 39
Type: Venture M&A Deals 14 of 35
State: Massachusetts M&A 3 of 9
Country: United States M&A 82 of 213
Year: 2016 M&A 7 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Magic Leap

Plantation, Florida, United States

Magic Leap is a developer of augmented reality devices and ecosystems. Magic Leap was founded in 2011 and is based in Plantation, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Valinge

Viken, Sweden

Valinge is an R&D and IP company with particular strength in wood based technologies and the flooring and furniture industries. Valinge was founded in 1993 and is based in Viken, Sweden.

Buy -
Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 121 of 189
Sector: Internet Software and Services M&A 5 of 14
Type: Venture M&A Deals 8 of 11
State: Massachusetts M&A 6 of 8
Country: United States M&A 85 of 130
Year: 2016 M&A 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Ascletis

Hangzhou, China

Ascletis is a biotechnology company dedicated to discovering, developing and commercializing new treatments for infectious diseases and cancer. Ascletis was founded in 2013 and is based in Hangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 HRA Pharma

Châtillon, France

HRA Pharma is a pharmaceutical company that designs products, devices, and supporting services in niche areas of health and makes them available to doctors and patients worldwide. HRA Pharma was founded in 1996 and is based in Châtillon, France.

Buy -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 155 of 364
Sector: Internet Software and Services M&A 26 of 78
Type: Venture M&A Deals 17 of 98
State: Massachusetts M&A 5 of 16
Country: United States M&A 78 of 175
Year: 2016 M&A 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 GILT Groupe Holdings

New York, New York, United States

GILT Groupe Holdings, Inc. is an online retail company offering luxury goods and services. Gilt is at the forefront of ecommerce innovation, having built a passionate consumer following by offering daily flash sales to members at Gilt.com.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 Sura Asset Management

Medellín, Colombia

Sura Asset Management is a pension and wealth management firm in Latin America with operations in Mexico, Peru, Chile, Colombia, Uruguay, and El Salvador. Sura Asset Management was founded in 2011 and is based in Medellin, Colombia.

Sell -