Investment Summary

Vista Equity Partners Invests In Upside

On July 9, 2017, private equity firm Vista Equity Partners invested in internet software and services company Upside

Investment Highlights
  • This is Vista Equity Partners’ 25th transaction in the Internet Software and Services sector.
  • This is Vista Equity Partners’ 74th transaction in the United States.
  • This is Vista Equity Partners’ 1st transaction in District of Columbia.

Investment Summary
Date 2017-07-09
Target Upside
Sector Internet Software and Services
Investor(s) Vista Equity Partners
Deal Type Growth Capital

Target

Upside

Washington, District of Columbia, United States
Upside Business Travel is an online travel service for small enterprises. The Company’s end-to-end digital platform leverages big data to improve business travel through transparent pricing and superior customer support. Upside’s platform includes access to domestic and international air travel, hotels and rental cars.

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Investor(S) 1

Investor

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 81 of 149
Sector (Internet Software and Services) 25 of 50
Type (Growth Capital) 8 of 31
State (District of Columbia) 1 of 2
Country (United States) 74 of 137
Year (2017) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Upserve

Providence, Rhode Island, United States

Upserve, Inc. is a provider of smart management system for restaurant owners to track key facets of their business in real-time. Upserve is the magic ingredient that helps restaurateurs thrive, putting everything they need in one place. Upserve was founded in 2009 and is headquartered in Providence with additional offices in San Francisco and New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 The Active Network

San Diego, California, United States

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

Sell $1.2B
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