Investment Summary

Silver Lake, Ontario Teachers Pension Plan and Temasek Holdings Invest In Verily

On December 17, 2020, private equity firm Silver Lake, pension Ontario Teachers Pension Plan and sovereign wealth fund Temasek Holdings invested in life science company Verily

Investment Highlights
  • This is Silver Lake’s 1st, Ontario Teachers Pension Plan’s 2nd and Temasek Holdings’ 5th transaction in the Life Science sector.
  • This is Silver Lake’s 81st, Ontario Teachers Pension Plan’s 63rd and Temasek Holdings’ 12th transaction in the United States.
  • This is Silver Lake’s 31st, Ontario Teachers Pension Plan’s 17th and Temasek Holdings’ 5th transaction in California.

Investment Summary

Date 2020-12-17
Target Verily
Sector Life Science
Investor(s) Silver Lake
Ontario Teachers Pension Plan
Temasek Holdings
Deal Type Growth Capital

Target

Verily

San Francisco, California, United States
Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily is based in San Francisco, California.

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Investor(S) 3

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 114 of 135
Sector (Life Science) 1 of 1
Type (Growth Capital) 27 of 33
State (California) 31 of 37
Country (United States) 81 of 95
Year (2020) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Airbnb

San Francisco, California, United States

Airbnb is a hospitality company that connects travelers with landlords in markets around the world. Airbnb was incorporated in 2007 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Gen Digital

Tempe, Arizona, United States

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.

Sell -
Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 143 of 176
Sector (Life Science) 2 of 3
Type (Growth Capital) 13 of 18
State (California) 17 of 18
Country (United States) 63 of 73
Year (2020) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 NVISION Eye Centers

Aliso Viejo, California, United States

NVISION Eye Centers is a provider of ophthalmic physician services. NVISION operates 43 locations that include 8 ambulatory surgery centers. Eye care is delivered using the latest clinical and surgical technology by the most talented and experienced surgeons in the industry. NVISION Eye Centers was founded in 2010 and is based in Aliso Viejo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Abano Healthcare Group

Malvern East, Australia

Abano Healthcare Group is a operator of healthcare and medical services businesses located in New Zealand, Australia and Asia. Abano Healthcare Group was founded in 1999 and is based in Malvern East, Australia.

Buy NZ$140M
Investor

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 29 of 33
Sector (Life Science) 5 of 5
Type (Growth Capital) 8 of 8
State (California) 5 of 6
Country (United States) 12 of 13
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Rivulis

Gvat, Israel

Rivulis is a provider of drip irrigation solutions for agricultural applications. Rivulis is based in Gvat, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Stem

San Francisco, California, United States

Stem is a provider of commercial energy storage systems. Stem delivers innovative technology services that transform the way energy is distributed and consumed. Through its AI platform Athena, Stem powers the largest, most reliable network of energy storage systems in the world. Stem was founded in 2009 and is based in San Francisco, California.

Sell -