Investment Summary

TCV and LeapFrog Investments Invest In Zepz

On December 7, 2017, private equity firm TCV and growth capital firm LeapFrog Investments invested in internet software and services company Zepz

Investment Highlights
  • This is TCV’s 19th and LeapFrog Investments’ 3rd transaction in the Internet Software and Services sector.
  • This is TCV’s 4th and LeapFrog Investments’ 1st transaction in the United Kingdom.

Investment Summary

Date 2017-12-07
Target Zepz
Sector Internet Software and Services
Investor(s) TCV
LeapFrog Investments
Deal Type Venture

Target

Zepz

London, United Kingdom
Zepz with its online service platform WorldRemit, lets people send money to friends and family living abroad, using a computer, smartphone or tablet. Zepz was founded in 2010 and is based in London, United Kingdom.

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Investor(S) 2

Investor

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 72 of 85
Sector: Internet Software and Services M&A 19 of 26
Type: Venture M&A Deals 29 of 30
Country: United Kingdom M&A 4 of 4
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 TF Holdings

Irving, Texas, United States

TF Holdings is a provider of short term financing options for consumers. TF Holdings offer credit and financial wellness tools to consumers, and licenses loan origination, risk underwriting and loan management software to lenders. TF Holdings was founded in 2001 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-21 Avetta

Lehi, Utah, United States

Avetta is a provider of a cloud-based supply chain risk management platform. Avetta connects global organizations across several industries including oil/gas, telecom, construction materials, facilities management, and many others, with qualified and vetted suppliers, contractors, and vendors. Avetta was founded in 2003 and is based in Lehi, Utah.

Buy -
DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 22 of 35
Sector: Internet Software and Services M&A 3 of 5
Type: Venture M&A Deals 3 of 5
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Mahindra Insurance

Mumbai, India

Mahindra Insurance is a fast-growing, high-impact company – providing life, motor and health insurance to millions of people in rural and semi-urban India. Mahindra Insurance was founded in 2004 and is based in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 BIMA

Stockholm, Sweden

BIMA uses mobile technology to deliver affordable insurance and health products to underserved consumers in emerging markets and families who cannot access these vital products through traditional channels. BIMA’s technology platforms create a paperless experience and enable scale, while the agent force distributes products and provides customer education. BIMA was founded in 2010 and is based in Stockholm, Sweden.

Sell -