Investment Summary

Vector Capital Invests In Travelex

On August 1, 2020, private equity firm Vector Capital invested in financial services company Travelex

Investment Highlights
  • This is Vector Capital’s 1st transaction in the Financial Services sector.
  • This is Vector Capital’s 2nd transaction in the United Kingdom.

Investment Summary
Date 2020-08-01
Target Travelex
Sector Financial Services
Investor(s) Vector Capital
Deal Type Stake Purchase

Target

Travelex

London, United Kingdom
Travelex is a specialist provider of foreign exchange and international business payments. The Group processes £20 billion of foreign exchange transactions every year. The Group’s consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of close to 1,000 stores and over 500 ATMs spread across 24 countries. Travelex was founded in 1976 and is based in London, United Kingdom

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Investor(S) 1

Investor

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 39 of 49
Sector (Financial Services) 1 of 1
Type (Stake Purchase) 2 of 2
Country (United Kingdom) 2 of 2
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Saba Software

Redwood Shores, California, United States

Saba Software is a cloud-based intelligent talent management solution used by organizations worldwide to hire, develop, engage and inspire their people. Saba Software was founded in 1997 and is based in Redwood Shores, California.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-24 Leap Event Technology

Wexford, Pennsylvania, United States

Leap Event Technology is a provider of technology solutions for arts and culture organizations. Leap Event Technology’s mission is to revolutionize the ticketing industry by providing arts, culture, and live entertainment organizations with integrated world-class customer relationship management, box office ticketing, fundraising, and marketing solutions. Patron Technology was founded in 2001 and is based in Wexford, Pennsylvania.

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