Investment Summary

Raine and Cohesive Capital Partners Invest In Foursquare

On May 30, 2019, merchant bank Raine and private equity firm Cohesive Capital Partners invested in internet software and services company Foursquare

Investment Highlights
  • This is Raine’s 4th and Cohesive Capital Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Raine’s 12th and Cohesive Capital Partners’ 17th transaction in the United States.
  • This is Raine’s 4th and Cohesive Capital Partners’ 4th transaction in New York.

Investment Summary

Date 2019-05-30
Target Foursquare
Sector Internet Software and Services
Investor(s) Raine
Cohesive Capital Partners
Deal Type Growth Capital

Target

Foursquare

New York, New York, United States
Foursquare is a location technology platform, delivering precise insight into how people move throughout the world. Foursquare was founded in 2009 and is based in New York City.

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Investor(S) 2

Investor

Raine

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2009
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Raine Group is a global merchant bank focused on advising and investing in businesses operating in the digital, media & entertainment and sports & lifestyle sectors. Raine's investment arm looks to invest $5 to $80 million per transaction. The Raine Group was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 14 of 16
Sector (Internet Software and Services) 4 of 4
Type (Growth Capital) 8 of 8
State (New York) 4 of 4
Country (United States) 12 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Propagate Content

Los Angeles, California, United States

Propagate Content is a developer, producer, and distributor of programming built upon great stories spanning all genres, including premium scripted series, long-form, unscripted and formats, to broadcast, cable, digital, and emerging platforms worldwide. Propagate Content was founded in 2015 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 DraftKings

Boston, Massachusetts, United States

DraftKings is an online gaming destination where players engage in daily fantasy sports competitions across fantasy football, baseball, golf, basketball, hockey, and college football and basketball. DraftKings was founded in 2011 and is based in Boston, Massachusetts.

Sell -
Investor
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 18 of 32
Sector (Internet Software and Services) 2 of 4
Type (Growth Capital) 5 of 10
State (New York) 4 of 6
Country (United States) 17 of 30
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Thermal Solutions Manufacturing

Nashville, Tennessee, United States

Thermal Solutions Manufacturing is a manufacturer and distributor of heat exchange and temperature control products to the North American heavy-duty aftermarket and specialty vehicle original equipment markets. Thermal Solutions Manufacturing was founded in 2012 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Estis Compression

Kilgore, Texas, United States

Estis Compression is a vertically integrated manufacturer and rental provider of compression equipment for use in upstream oil and gas operations. Estis Compression is based in Kilgore, Texas.

Buy -