Investment Summary

TPG and Highland Europe Invest In Salsify

On April 13, 2022, private equity firm TPG and growth capital firm Highland Europe invested in software company Salsify

Investment Highlights
  • This is TPG’s 31st and Highland Europe’s 11th transaction in the Software sector.
  • This is TPG’s 260th and Highland Europe’s 8th transaction in the United States.
  • This is TPG’s 12th and Highland Europe’s 1st transaction in Massachusetts.

Investment Summary

Date 2022-04-13
Target Salsify
Sector Software
Investor(s) TPG
Highland Europe
Deal Type Venture

Target

Salsify

Boston, Massachusetts, United States
Salsify is a product experience management (PXM) platform that lets brands deliver compelling shopping experiences across every digital touchpoint. Salsify was founded in 2012 and is based in Boston, Massachusetts.

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Investor(S) 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 398 of 421
Sector (Software) 31 of 35
Type (Venture) 94 of 94
State (Massachusetts) 12 of 12
Country (United States) 260 of 276
Year (2022) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 Kudu

Riyadh, Saudi Arabia

Kudu is one of Saudi Arabia’s major domestic Quick Service Restaurant (QSR) chains, operating over 280 restaurants across a portfolio of brands. Kudu was founded in 1988 and is based in Riyadh, Saudi Arabia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-15 VAS

Ho Chi Minh City, Vietnam

VAS is a private school group with the national education system offering K-12 education programmes. At present, VAS is offering educational services to near 9,500 students from K through 12 at 7 campuses in Ho Chi Minh City. VAS was established in 2004 and is based in Ho Chi Minh City, Vietnam.

Sell -
DESCRIPTION

Highland Europe is a growth capital investor focused on technology enabled companies addressing large market opportunities in internet, mobile and software. The Firm looks to commit €10 to €30 million in fast growth companies with at least €10 million in annual sales. The Firm will consider opportunities throughout Western Europe with global ambitions. Highland Europe was formed in 2012 and is headquartered in London.


DEAL STATS #
Overall 46 of 49
Sector (Software) 11 of 12
Type (Venture) 33 of 33
State (Massachusetts) 1 of 1
Country (United States) 8 of 8
Year (2022) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Deepki

Paris, France

Deepki supports real estate players in their transition to net-zero and sustainability. To achieve this transition towards sustainability, the company helps realign stakeholders’ interests to build efficient strategies and transform real estate into a positive force for the planet. Deepki offers a fully populated ESG data intelligence platform combined with expert advisory services. Its end-to-end solutions leverage data to improve ESG performance and enhance the value of real estate assets. Deepki was formed in 2014 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 Le Collectionist

Paris, France

Le Collectionist is a luxury holiday brand, creating extraordinary holidays for discerning travellers to share with their loved ones. Le Collectionist is based in Paris, France.

Buy -