Investment Summary

Luminate Capital Partners, ICONIQ Capital and Warburg Pincus Invest In Conexiom

On March 14, 2018, private equity firm Luminate Capital Partners, growth capital firm ICONIQ Capital and private equity firm Warburg Pincus invested in internet software and services company Conexiom

Investment Highlights
  • This is Luminate Capital Partners’ 4th, ICONIQ Capital’s 15th and Warburg Pincus’ 26th transaction in the Internet Software and Services sector.
  • This is Luminate Capital Partners’ 1st, ICONIQ Capital’s 1st and Warburg Pincus’ 12th transaction in Canada.
  • This is Luminate Capital Partners’ 1st, ICONIQ Capital’s 1st and Warburg Pincus’ 1st transaction in British Columbia.

Investment Summary

Date 2018-03-14
Target Conexiom
Sector Internet Software and Services
Investor(s) Luminate Capital Partners
ICONIQ Capital
Warburg Pincus
Deal Type Growth Capital
Advisor(s) DCS Advisory LLC (Financial)
Harper Grey
Kirkland & Ellis
Blake, Cassels & Graydon (Legal)

Target

Conexiom

Vancouver, British Columbia, Canada
Conexiom is an operator of a platform that delivers touchless AP and Sales Order processing capabilities to manufacturers and distributors and is the only vendor that automates these key processes with 100 percent data accuracy. Conexiom eliminates expensive and error-prone manual processing, enabling customers to deliver a superior customer experience. Clients use Conexiom to redeploy resources to activities that deliver greater profitability, expedite order cycle time, and deliver orders on time and in full. Conexiom is based in Vancouver, British Columbia.

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Investor(S) 3

Investor
DESCRIPTION

Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco.


DEAL STATS #
Overall 7 of 17
Sector (Internet Software and Services) 4 of 10
Type (Growth Capital) 6 of 10
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 AMTdirect

Cornelius, North Carolina, United States

AMTdirect LLC is a provider of lease accounting, lease administration, and facilities management solutions for corporate occupiers and lessees. AMTdirect was founded in 1996 and is based in Cornelius, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 AutoQuotes

Jacksonville, Florida, United States

AutoQuotes is a technology company that delivers products and solutions for the foodservice equipment and supplies industry, including an online catalog, quotation, and design applications. AutoQuotes was formed in 1990 and is based in Jacksonville, Florida.

Buy -
Investor

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 28 of 91
Sector (Internet Software and Services) 15 of 33
Type (Growth Capital) 13 of 17
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Devoted Health

Eagan, Minnesota, United States

Devoted Health is a US-based healthcare solution provider driving accessibility and simplicity in healthcare centered around the patient, not the provider. “The Devoted Solution” encompass putting the focus back on the patient, building relationships between providers, and focusing on quality over quantity, in essence making healthcare easier and better. Devoted Health is based in Eagan, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Flipkart

Bengaluru, India

Flipkart is an e-commerce destination and offers a wide range of product categories including electronics, household items, and apparel to customers across India. Flipkart was established in 2007 and is headquartered in Bengaluru.

Sell $16.0B
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 363 of 482
Sector (Internet Software and Services) 26 of 35
Type (Growth Capital) 118 of 158
State (British Columbia) 1 of 1
Country (Canada) 12 of 17
Year (2018) 12 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Techcombank

Hanoi, Vietnam

Techcombank is a private sector bank providing a broad range of banking products and services to more than 5.4 million customers in Vietnam with an extensive network of 315 branches across Vietnam. Techcombank was founded in 1993 and is based in Hanoi, Vietnam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-18 Continental Warehousing

Navi Mumbai, India

Continental Warehousing is a multi-modal logistics player with a pan-India presence and is one of the leading warehousing and logistics service providers in the private sector in the country today. Continental Warehousing was formed in 1954 and is based in Navi Mumbai, India.

Sell -