Investment Summary

Guidepost Growth Equity and Silver Lake Invest In WP Engine

On January 14, 2014, growth capital firm Guidepost Growth Equity and private equity firm Silver Lake invested in internet software and services company WP Engine

Investment Highlights
  • This is Guidepost Growth Equity’s 5th and Silver Lake’s 10th transaction in the Internet Software and Services sector.
  • This is Guidepost Growth Equity’s 10th and Silver Lake’s 47th transaction in the United States.
  • This is Guidepost Growth Equity’s 2nd and Silver Lake’s 6th transaction in Texas.

Investment Summary

Date 2014-01-14
Target WP Engine
Sector Internet Software and Services
Investor(s) Guidepost Growth Equity
Silver Lake
Deal Type Growth Capital
Advisor(s) RBC Capital Markets (Financial)

Target

WP Engine

Austin, Texas, United States
WPEngine's corporate headquarters in downtown Austin, Texas.
WPEngine's corporate headquarters in downtown Austin, Texas.
WP Engine provides managed WordPress cloud hosting solutions for individuals and small and medium-sized companies. The Company was formed in 2010 and is headquartered in Austin, Texas.

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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 11 of 30
Sector (Internet Software and Services) 5 of 10
Type (Growth Capital) 8 of 21
State (Texas) 2 of 2
Country (United States) 10 of 25
Year (2014) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 iMakeNews

Waltham, Massachusetts, United States

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

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-25 Clarity Software Solutions

Madison, Connecticut, United States

Clarity Software Solutions is a data and technology-driven provider of member communication solutions for health insurance payors, third party administrators (“TPAs”), and dental insurance companies. The Company’s software collects, consolidates and cleanses its customers’ data from multiple sources to generate compliant and personalized digital member communications across the enrollment, claims, and payments, and compliance functions of its customers. Clarity Software Solutions was founded in 2007 and is based in Madison, Connecticut.

Buy -
Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 63 of 135
Sector (Internet Software and Services) 10 of 21
Type (Growth Capital) 14 of 33
State (Texas) 6 of 11
Country (United States) 47 of 95
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 ForeFlight

Houston, Texas, United States

ForeFlight LLC is an integrated flight app on iPad, iPhone, and the web. Flight planning, aviation weather, maps and charts. ForeFlight's products help pilots and flight departments plan flights, increase flight safety and efficiency and are widely used across personal, corporate, air transport, and government operations. ForeFlight LLC was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 MultiPlan

New York, New York, United States

MultiPlan is a provider of technology-enabled healthcare cost management solutions. MultiPlan provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York City.

Sell $4.4B