Investment Summary

Montlake Capital and FTV Capital Invest In Intrepid Learning Solutions

On July 28, 2006, private equity firm Montlake Capital and growth capital firm FTV Capital invested in internet software and services company Intrepid Learning Solutions

Investment Highlights
  • This is Montlake Capital’s 1st and FTV Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is Montlake Capital’s 2nd and FTV Capital’s 29th transaction in the United States.
  • This is Montlake Capital’s 1st and FTV Capital’s 3rd transaction in Washington.
Investment Fate
  • Intrepid Learning Solutions was sold to a publicly-traded strategic buyer in 2014.
  • Intrepid Learning Solutions was divested to a consortium of strategic buyers in 2017.

Investment Summary

Date 2006-07-28
Target Intrepid Learning Solutions
Sector Internet Software and Services
Investor(s) Montlake Capital
FTV Capital
Deal Type Venture

Target

Intrepid Learning Solutions

Seattle, Washington, United States
Intrepid Learning Solutions, Inc. is a SaaS platform empowers organizations to solve critical business challenges with cost-effective, easily configurable solutions that scale massively, connect learning to everyday work, and provide an integrated social and mobile-first learning experience. Intrepid Learning Solutions, Inc. was established in 1999 and is based in Seattle, Washington.

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Investor(S) 2

Investor

Montlake Capital

Seattle, Washington, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Montlake Capital is a private equity firm focused on lower middle-market company investments in the Pacific Northwest US. The Firm looks to invest in businesses generating $20 to $100 million in sales and $1 to $10 million of EBITDA. Sectors of interest include business services, consumer products and services, heath and wellness, retail, technology products, and financial services. Prospective transaction situations include growth capital financings, buyouts, recapitalizations, search funds, and shareholder liquidity needs. Montlake Capital was formed in 1999 and is based in Seattle, Washington.


DEAL STATS #
Overall 2 of 14
Sector: Internet Software and Services M&A 1 of 1
Type: Venture M&A Deals 2 of 4
State: Washington M&A 1 of 12
Country: United States M&A 2 of 14
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-11 Wellpartner

Portland, Oregon, United States

Wellpartner is a provider of home delivery pharmacy services dedicated to lowering prescription drug costs while improving health outcomes for individuals. Wellpartner uses automated fulfillment systems and highly personalized customer service to reduce prescription costs and improve pharmacy care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 PayScale

Seattle, Washington, United States

PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. PayScale was founded in 2002 and is based in Seattle, Washington.

Buy -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 31 of 133
Sector: Internet Software and Services M&A 2 of 29
Type: Venture M&A Deals 10 of 31
State: Washington M&A 3 of 5
Country: United States M&A 29 of 105
Year: 2006 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-27 Daylight Forensic & Advisory

New York City, New York, United States

Daylight Forensic & Advisory provides independent fraud risk management that conducts forensic investigations and provides regulatory compliance consulting for global corporations and public sector organizations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 ExlService Holdings

New York, New York, United States

ExlService Holdings is a business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. ExlService Holdings was founded in 1999 and is based in New York, New York.

Sell -