Investment Summary

Silver Lake and ICONIQ Capital Invest In Relativity

On February 3, 2015, private equity firm Silver Lake and growth capital firm ICONIQ Capital invested in software company Relativity

Investment Highlights
  • This is Silver Lake’s 11th and ICONIQ Capital’s 1st transaction in the Software sector.
  • This is Silver Lake’s 51st and ICONIQ Capital’s 9th transaction in the United States.
  • This is Silver Lake’s 3rd and ICONIQ Capital’s 1st transaction in Illinois.

Investment Summary
Date 2015-02-03
Target Relativity
Sector Software
Investor(s) Silver Lake
ICONIQ Capital
Deal Type Growth Capital

Target

Relativity

Chicago, Illinois, United States
Relativity is a developer of software to manage large volumes of data and quickly identify key issues during litigation, internal investigations, and compliance operations with SaaS platform RelativityOne and Relativity Trace. Relativity is based in Chicago, Illinois.

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Investor(S) 2

Investor

Silver Lake

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 68 of 135
Sector (Software) 11 of 27
Type (Growth Capital) 17 of 33
State (Illinois) 3 of 4
Country (United States) 51 of 95
Year (2015) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 FlixBus

Munich, Germany

FlixBus is a mobility provider, offering new alternatives for convenient, affordable and environmentally friendly travel via the FlixBus, FlixCar and FlixTrain brands. FlixBus is a disruptive, asset-light, tech-enabled global mobility platform offering mid- and long-distance travel in Europe and the US – the company helps over 50 million passengers a year to reach more than 2,000 destinations in over 30 countries. FlixBus was founded in 2011 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 IPC Systems

Jersey City, New Jersey, United States

IPC Systems is a global provider of mission-critical network services and trading communication technology to the financial markets community. IPC Systems was founded in 1973 and is based in Jersey City, New jersey.

Sell $1.2B
Investor

ICONIQ Capital

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

DEAL STATS #
Overall 11 of 91
Sector (Software) 1 of 31
Type (Growth Capital) 6 of 17
State (Illinois) 1 of 2
Country (United States) 9 of 80
Year (2015) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Marqeta

Oakland, California, United States

Marqeta is a prepaid debit and credit card platform that enables issuers to easily launch card programs with cards that have a high level of control and customization. The company provides end-to-end program management solutions for enterprises and is an integrated payment processor for established financial institutions. Marqeta was founded in 2010 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Procore

Carpinteria, California, United States

Procore is a provider of cloud-based applications for construction. Procore connects people, applications, and devices through a unified platform to help construction professionals manage risk and build quality projects safely, on time, and within budget. Procore has a diversified business model with products for project management, construction financials, quality & safety, and field productivity. Procore was formed in 2003 and is based in Carpinteria, California.

Buy -
Mergr

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