Investment Summary

TCV Exits Splunk

On April 20, 2012, invested in software company Splunk from TCV

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Splunk was sold to a consortium of financial buyers in 2021.
  • Splunk was sold to a consortium of buyers in 2023 for 28.0B USD.

Investment Summary

Date 2012-04-20
Target Splunk
Sector Software
Sellers(s) TCV
Deal Type IPO

Target

Splunk

San Francisco, California, United States
Splunk's corporate headquarters in downtown San Francisco, California.
Splunk's corporate headquarters in downtown San Francisco, California.
Splunk is a provider of operational intelligence software used to monitor, report and analyze real-time machine data as well as historical data across your IT infrastructure. Splunk was formed in 2003 and is based in San Francisco, California.

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Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 52 of 84
Sector: Software M&A 17 of 23
Type: IPO M&A Deals 14 of 21
State: California M&A 24 of 30
Country: United States M&A 48 of 73
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-22 ExactTarget

Indianapolis, Indiana, United States

ExactTarget, Inc. is a provider of on-demand email marketing software solutions. The company’s suite of on-demand one-to-one marketing applications enable clients to send business-critical and event triggered communications to increase sales, optimize marketing investments and strengthen customer relationships.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 Facebook

Menlo Park, California, United States

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.

Sell -