Investment Summary

True North Invests In iLink Digital

On October 6, 2023, private equity firm True North invested in information technology company iLink Digital

Investment Highlights
  • This is True North’s 4th transaction in the Information Technology sector.
  • This is True North’s 4th transaction in the United States.
  • This is True North’s 1st transaction in Washington.

Investment Summary

Date 2023-10-06
Target iLink Digital
Sector Information Technology
Investor(s) True North
Deal Type Growth Capital

Target

iLink Digital

Bothell, Washington, United States
iLink Digital is a CMMI Level 3 and ISO 9001:2008 Certified Global Software Solution Provider and Systems Integrator. iLink delivers next-generation technology solutions to help clients solve complex business challenges, improve organizational effectiveness, increase business productivity, realize sustainable enterprise value and transform businesses. iLink integrates software systems and develops custom applications, components, and frameworks on the latest platforms for IT departments, commercial accounts, application services providers (ASP) and independent software vendors (ISV). iLink's solutions are used in a broad range of industries and functions, including healthcare, insurance, telecom, government, oil and gas, education, and life sciences. iLink Digital was founded in 2002 and is based in Bothell, Washington.

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Investor(S) 1

Investor

True North

Mumbai, India

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 42 of 43
Sector (Information Technology) 4 of 4
Type (Growth Capital) 2 of 3
State (Washington) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Actify Data Labs

Bangalore, India

Actify Data Labs is a data platform and AI company. The Company's comprehensive data platform and AI solutions provide a single platform to navigate every step in the data journey. Actify helps organizations in managing churn, enhancing customer lifetime value, reducing credit risk and making sense of unstructured text and image data. Actify Data Labs was founded in 2018 and is based in Bangalore, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-30 Fedbank Financial Services

Mumbai, India

Fedbank Financial Services is a non-banking finance company (NBFC), provides financing services to individuals and businesses in India. It operates through three segments: Distribution, Retail Finance, and Wholesale Finance. Fedbank Financial Services was founded in 1995 and is based in Mumbai, Maharashtra.

Sell -