Investment Summary

Stripes Invests In Pleo

On May 14, 2019, growth capital firm Stripes invested in financial services company Pleo

Investment Highlights
  • This is Stripes’ 1st transaction in the Financial Services sector.
  • This is Stripes’ 1st transaction in Denmark.

Investment Summary

Date 2019-05-14
Target Pleo
Sector Financial Services
Investor(s) Stripes
Deal Type Venture

Target

Pleo

Copenhagen, Denmark
Pleo is a corporate card and expense management provider for small-to-medium-sized businesses in Europe. Pleo enables its customers to permission corporate cards to all employees within the company, distributing purchasing power and autonomy across the enterprise while maintaining control via real-time spending visibility and robust functionality around spending limits and approvals. Pleo was founded in 2015 and is based in Copenhagen, Denmark.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 33 of 49
Sector: Financial Services M&A 1 of 1
Type: Venture M&A Deals 14 of 22
Country: Denmark M&A 1 of 1
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Erewhon

Vernon, California, United States

Erewhon is a premium retailer of natural and organic foods. Erewhon was founded in 1968 and is based in Vernon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Reformation

Los Angeles, California, United States

Reformation is a digitally-led women’s contemporary apparel brand. The company puts sustainability at the core of everything it does, from materials innovation to its sustainable partner factories around the world. Reformation was founded in 2009 and is based in Los Angeles, California.

Sell -