Investment Summary

Kennet Partners and Great Hill Partners Invest In eloomi

On July 31, 2019, growth capital firm Kennet Partners and private equity firm Great Hill Partners invested in internet software and services company eloomi

Investment Highlights
  • This is Kennet Partners’ 9th and Great Hill Partners’ 27th transaction in the Internet Software and Services sector.
  • This is Kennet Partners’ 1st and Great Hill Partners’ 1st transaction in Denmark.
Investment Fate
  • eloomi was sold to a publicly-traded strategic buyer in 2024.

Investment Summary

Date 2019-07-31
Target eloomi
Sector Internet Software and Services
Investor(s) Kennet Partners
Great Hill Partners
Deal Type Venture

Target

eloomi

Copenhagen, Denmark
eloomi is a cloud-based performance management and learning management system. eloomi was founded in 2015 and is based in Copenhagen, Denmark.

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Investor(S) 2

Investor

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 38 of 42
Sector: Internet Software and Services M&A 9 of 11
Type: Venture M&A Deals 16 of 18
Country: Denmark M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 Experience.com

San Ramon, California, United States

Experience.com provides a fully automated experience management platform. Experience.com was founded in 2015 and is based in San Ramon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Fulcrum

San Francisco, California, United States

Fulcrum is a provider of geospatial intelligence software solutions from data, technology, and analytics to reveal the unknown. Fulcrum was founded in 2000 and is based in San Francisco, California.

Buy -
Investor

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 81 of 98
Sector: Internet Software and Services M&A 27 of 32
Type: Venture M&A Deals 4 of 4
Country: Denmark M&A 1 of 1
Year: 2019 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 RealReal

San Francisco, California, United States

RealReal is an online marketplace for authenticated, consigned luxury goods. The Company provides an end-to-end service that unlocks supply from consignors and creates a trusted, curated online marketplace for buyers globally. RealReal aggregates and curates unique, pre-owned luxury supply that is exclusive to RealReal across multiple categories, including women’s, men’s, kids’, jewelry and watches, and home and art. RealReal was established in 2011 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Pareto Health

Philadelphia, Pennsylvania, United States

Pareto Health forms and manages employee benefit group captives that mitigate the year-to-year volatility and risk inherent in self-insurance, thereby allowing employers to focus on reducing healthcare costs. Members of Pareto Health captives gain access to an exclusive suite of risk management and cost containment initiatives to help them provide affordable and effective healthcare to their employees. Pareto Health was founded in 2011 and is based in Philadelphia, Pennsylvania.

Buy -