Investment Summary

Warburg Pincus and Vista Equity Partners Invest In Assent

On October 23, 2018, private equity firms Warburg Pincus and Vista Equity Partners invested in software company Assent

Investment Highlights
  • This is Warburg Pincus’ 24th and Vista Equity Partners’ 38th transaction in the Software sector.
  • This is Warburg Pincus’ 15th and Vista Equity Partners’ 3rd transaction in Canada.
  • This is Warburg Pincus’ 4th and Vista Equity Partners’ 3rd transaction in Ontario.

Investment Summary
Date 2018-10-23
Target Assent
Sector Software
Investor(s) Warburg Pincus
Vista Equity Partners
Deal Type Growth Capital

Target

Assent

Ottawa, Ontario, Canada
Assent is a supply chain data management company combining leading-edge technologies with extensive supply chain expertise and provides SaaS solutions that manage third-party data to protect corporate brands, increase market accessibility, and reduce operational and financial risk. Assent was founded in 2010 and is based in Ottawa, Ontario.

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Investor(S) 2

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 386 of 482
Sector (Software) 24 of 34
Type (Growth Capital) 127 of 158
State (Ontario) 4 of 6
Country (Canada) 15 of 17
Year (2018) 35 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 NewEase China

Shanghai, China

NewEase China is an investor and operator of hubs and comprehensive platforms for urban logistics infrastructure, which provides time- and cost-efficient one-stop operation by focusing its investment in airport hubs and neighboring city facilities. NewEase China is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Airtel Africa

Nairobi, Kenya

Airtel Africa is a telecom company that provides voice, data and mobile money services across 14 countries in Sub-Saharan Africa. The Company has operations in Chad, Democratic Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Republic of the Congo, Rwanda, Seychelles, Tanzania, Uganda and Zambia and has 100m+ subscribers across these countries. Airtel Africa was founded in 2010 and is based in Nairobi, Kenya.

Buy -
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 98 of 149
Sector (Software) 38 of 60
Type (Growth Capital) 15 of 31
State (Ontario) 3 of 3
Country (Canada) 3 of 3
Year (2018) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Marketo

San Mateo, California, United States

Marketo, Inc. is a provider of cloud based marketing software platform for companies of all sizes to build and sustain engaging customer relationships. Marketo, Inc. was formed in 2006 and is based in San Mateo, California.

Sell $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 RadarFirst

Portland, Oregon, United States

RadarFirst is an incident response management SaaS solution provider that simplifies and streamlines compliance with data breach laws globally. The Company’s solution operationalizes the incident response management process, applying automation and best practices to bring consistency and efficiency to privacy and security incident intake, risk assessment, breach decisioning and notification so companies can ensure regulatory compliance and reduce data breach risks. RadarFirst was founded in 2016 and is based in Portland, Oregon.

Buy -
Mergr

Product

Company

Legal