Stake Purchase • Internet Software and Services

Vitruvian Partners Invests In CarGurus

On May 18, 2021, private equity firm Vitruvian Partners invested in internet software and services company CarGurus

Investment Context
  • This is Vitruvian Partners’ 14th transaction in the Internet Software and Services sector.
  • This is Vitruvian Partners’ 6th transaction in the United States.
  • This is Vitruvian Partners’ 1st transaction in Massachusetts.

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Investment Summary

Date May 18, 2021
Target CarGurus
Sector Internet Software and Services
Investor(s) Vitruvian Partners
Deal Type Stake Purchase

Target Company

CarGurus

Cambridge, Massachusetts, United States
CarGurus is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and innovative data analytics, CarGurus believes it is building the world's most trusted and transparent automotive marketplace and creating a differentiated automotive search experience for consumers. CarGurus was founded in 2005 and is based in Cambridge, Massachusetts.
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Investor Overview 1

Investor

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


Deal Context for Investor #
Overall 47 of 69
Sector: Internet Software and Services 14 of 18
Type: Stake Purchase 6 of 11
State: Massachusetts 1 of 1
Country: United States 6 of 12
Year: 2021 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Oxford Biomedica

Oxford, United Kingdom

Oxford Biomedica is a contract development and manufacturing organization, focuses on delivering therapies to patients worldwide. The company collaborates with pharmaceutical and biotechnology companies providing viral vector development and manufacturing services in lentivirus, adeno associated virus, adenoviral vectors, and other viral vector types. Oxford Biomedica was founded in 1995 and is based in Oxford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Deposit Solutions

Hamburg, Germany

Deposit Solutions is a B2B Open Banking platform in the savings deposit space. The company operates deposit marketplaces for over 150 partners, including large institutions such as Deutsche Bank, and connects them with deposit-taking banks from all across Europe. Deposit Solutions was founded in 2011 and is based in Hamburg, Germany.

Sell -