Investment Summary

Vitruvian Partners and ITV Invest In Carwow

On August 29, 2017, private equity firm Vitruvian Partners and ITV invested in internet software and services company Carwow

Investment Highlights
  • This is Vitruvian Partners’ 9th and ITV’s 2nd transaction in the Internet Software and Services sector.
  • This is Vitruvian Partners’ 21st and ITV’s 9th transaction in the United Kingdom.

Investment Summary

Date 2017-08-29
Target Carwow
Sector Internet Software and Services
Investor(s) Vitruvian Partners
ITV
Deal Type Growth Capital

Target

Carwow

London, United Kingdom
Carwow is a car research and buying website that is transforming the way the UK buys and sells new cars. Consumers can research, select and configure new cars before receiving up-front, no-haggle offers from UK franchised dealers. Carwow was founded in 2011 and is based in London, United Kingdom.

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Investor(S) 2

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 STATS #
Overall 32 of 69
Sector: Internet Software and Services M&A 9 of 18
Type: Growth Capital M&A Deals 10 of 19
Country: United Kingdom M&A 21 of 28
Year: 2017 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 JacTravel

London, United Kingdom

JacTravel Ltd. is a hotel bed-bank business providing tour operators, travel agents and online retailers with access to hotel beds at more than 10,000 independent and small chain hotels. JacTravel Ltd. was established in 1975 and is based in London, UK.

Sell £200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Tinopolis

Carmarthenshire, United Kingdom

The Tinopolis Group is an international media producer and distributor. In the USA we produce television programmes for all the top networks and in the UK we are one of the largest independent television suppliers to major broadcasters.

Sell -
Investor

ITV

London, United Kingdom

Category Company
Founded 1955
Sector Media
Employees6,133
Revenue 3.5B GBP (2024)
DESCRIPTION

ITV is an operator of a commercial television network. The company's Broadcasting and Online segment commissions and schedules programs on the ITV channels. ITV was founded in 1955 and is based in London, England.


DEAL STATS #
Overall 19 of 23
Sector: Internet Software and Services M&A 2 of 5
Type: Growth Capital M&A Deals 1 of 1
Country: United Kingdom M&A 9 of 13
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 Twofour Group

Plymouth, United Kingdom

Twofour Group is a family of companies striving to deliver world class international TV production and distribution.

Buy $86M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 what3words

London, United Kingdom

what3words is an operator of an app, available for iOS and Android, and the online map enables people to find, share and navigate to what3words addresses in over 45 languages to date. what3words was founded in 2013 and is based in London, United Kingdom.

Buy -