Investment Summary

Raine Invests In Parchment

On October 17, 2012, merchant bank Raine invested in internet software and services company Parchment

Investment Highlights
  • This is Raine’s 2nd transaction in the Internet Software and Services sector.
  • This is Raine’s 5th transaction in the United States.
  • This is Raine’s 1st transaction in Arizona.
Investment Fate
  • Parchment was sold to a strategic buyer in 2023 for 835M USD.

Investment Summary

Date 2012-10-17
Target Parchment
Sector Internet Software and Services
Investor(s) Raine
Deal Type Venture

Target

Parchment

Scottsdale, Arizona, United States
Parchment operates a software-as-a-service platform for schools, colleges, universities, education agencies, and individuals to request, process, and deliver transcripts and other education credentials in the United States and internationally. Parchment was founded in 2002 and is based in Scottsdale, Arizona.

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Investor(S) 1

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 6 of 16
Sector: Internet Software and Services M&A 2 of 4
Type: Venture M&A Deals 1 of 2
State: Arizona M&A 1 of 1
Country: United States M&A 5 of 14
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-16 textPlus

Marina del Rey, California, United States

textPlus, Inc. provides a mobile communications service for texting, talking, and sharing worldwide. textPlus was founded in 2007 and is based in Marina del Rey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Imagine Entertainment

Beverly Hills, California, United States

Imagine Entertainment LLC creates independently produced feature films, television programs, and other original programming. Imagine Entertainment was founded in 1986 and is based in Beverly Hills, California.

Buy -