Investment Summary

Vitruvian Partners and Arrowroot Capital Invest In Snaplogic

On December 7, 2016, private equity firms Vitruvian Partners and Arrowroot Capital invested in internet software and services company Snaplogic

Investment Highlights
  • This is Vitruvian Partners’ 8th and Arrowroot Capital’s 5th transaction in the Internet Software and Services sector.
  • This is Vitruvian Partners’ 3rd and Arrowroot Capital’s 8th transaction in the United States.
  • This is Vitruvian Partners’ 1st and Arrowroot Capital’s 2nd transaction in California.

Investment Summary

Date 2016-12-07
Target Snaplogic
Sector Internet Software and Services
Investor(s) Vitruvian Partners
Arrowroot Capital
Deal Type Growth Capital

Target

Snaplogic

San Mateo, California, United States
Snaplogic is a cloud software solution that specializes in providing an “Integration Platform as a Service". The Company offers an easy-to-use integration design tool with over 400 pre-built connectors allowing non-technical users to rapidly perform complex integrations. Snaplogic was formed in 2006 and is based in San Mateo, California.

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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 27 of 69
Sector: Internet Software and Services M&A 8 of 18
Type: Growth Capital M&A Deals 8 of 19
State: California M&A 1 of 4
Country: United States M&A 3 of 12
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-23 Skyscanner

Edinburgh, United Kingdom

Skyscanner Ltd. is a global travel search site, providing online comparisons for millions of flights on over a thousand airlines, as well as car hire and hotels.

Sell £1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Phlexglobal

Chesham, United Kingdom

Phlexglobal is a provider of technology enabled document management solutions and other support services to the global clinical research market. Phlexglobal was established in 1997 and is headquartered in Chesham, United Kingdom.

Buy -
Investor

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.


DEAL STATS #
Overall 8 of 28
Sector: Internet Software and Services M&A 5 of 11
Type: Growth Capital M&A Deals 5 of 8
State: California M&A 2 of 6
Country: United States M&A 8 of 24
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 ServiceAide

San Jose, California, United States

ServiceAide Cloud Service Management is a powerful yet simple to use SaaS ITSM product available worldwide. ServiceAide was created around the core concept of connecting data to create coherent information that can revolutionize business results. ServiceAide accomplished this by building a solid foundation of big data and machine learning Sigma technology, combined with world-class service and support. The company's Cloud Service Management (CSM) offers, provides improvements in response time, issues resolution, and introducing capabilities to maximize self-care and issue prevention all with the primary objective of increasing the business value enjoyed by ServiceAide customers. ServiceAide was formed in 2016 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Riskonnect

Atlanta, Georgia, United States

Riskonnect is a provider of integrated risk management software. The Company develops and markets a suite of software solutions on a cloud computing model, helping clients elevate their risk management programs, safety solutions, and programs for the management of risks across the enterprise. It provides the risk management industry with the configurable solutions needed to reduce losses, control risk, and affect shareholder value. Riskonnect was founded in 2007 and is based in Atlanta, Georgia.

Buy -