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Vitruvian Partners

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Vitruvian Partners
Company typePrivate
IndustryPrivate Equity
Founded2006
FoundersToby Wyles (retired), Michael Risman, Ian Riley, Mark Harford, David Nahama
HeadquartersLondon, United Kingdom / Munich, Germany / Stockholm, Sweden
Key people
Joined founding team: Stephen Byrne, Ben Johnson, Jussi Wuoristo, Philip Russmeyer, Leonard Clemens
ProductsLeveraged buyouts and growth capital
Total assetsVIP I: €925 million, VIP II: £1 billion
Number of employees
34
Websitewww.vitruvianpartners.com

Vitruvian Partners is a European private equity firm focusing on leveraged buyout and growth capital investments in middle-market companies.

Vitruvian invests throughout the UK, Ireland, the Nordic region, Germany, Austria, Switzerland, France and the Benelux region. The firm has offices in London, Stockholm and Munich.

The firm was founded in 2006 by former partners of Apax Partners, BC Partners and Bridgepoint Capital. In 2008, Vitruvian completed the fundraising for its inaugural €925 million fund,[1] the Vitruvian Investment Partnership I ("VIP I").[2] In December 2013, Vitruvian announced that it had closed the fundraising of its second fund, Vitruvian Investment Partnership II (“VIP II”), at its self-imposed cap of £1 billion ($1.6 billion; €1.2billion).[3]

Investments

Company Fund Year Invested Year Sold Headquarters Description
Tinopolis[4] VIP I Jul-08 United Kingdom Independent TV production house
Callcredit[5] VIP I Dec-09 Feb-14[6] United Kingdom Provider of credit reference and marketing solutions
Inspired Gaming[7] VIP I Jul-10 United Kingdom Land-based gaming products to licensed betting shops, bingo operators and casinos
Openbet[8] VIP I Jan-11 Apr-16[9] United Kingdom Online gaming and betting solutions
Verastar[10] (pka Unicom[11]) VIP I Apr-11 United Kingdom Reseller of essential business services to the UK micro SME market
Group IMD[12] (pka Independent Media Distribution) VIP I May-11 United Kingdom Provider of Global TV & Radio advertising delivery & digital media logistics services
Benify (pka Flexpay) VIP I Jun-11 Sweden Provider of web-based Total Compensation Management (“TCM”) software and services
Instinctif Partners[13] (pka College Group) VIP I Oct-11 United Kingdom Business communications consultancy headquartered in London and with offices on five continents
Healthcare at Home[14] VIP I Feb-12 United Kingdom Provider of innovative clinical and pharmaceutical services to patients in the comfort of their own homes
Just Eat[15] VIP I Apr-12 IPO Mar-14[16] United Kingdom / Denmark World’s largest online takeaway ordering service. Floated on the London Stock Exchange in April 2014
Snow Software[17] VIP II Jul-12 Sweden Software asset management solutions
Inenco Group[18] VIP I Sep-13 United Kingdom UK market leader in strategic energy management
RL360[19] VIP I Nov-13 Isle of Man Specialist international life assurance provider
Linimed-Fazmed[20] VIP II Mar-14 Germany Market leader in the provision of ambulatory outpatient intensive care services in the eastern part of Germany
Farfetch[21] VIP II Apr-14 United Kingdom Online market place for high end fashion boutiques
JacTravel[22] VIP II Jul-14 United Kingdom Europe's third largest B2B hotel room marketplace
Solvinity[23] (pka ASP4all Bitbrains) VIP II Jul-14 Netherlands Leading provider of managed hosting and cloud services
CRF Health[24] VIP II Jan-15 Finland / United States of America Leading provider of electronic Clinical Outcomes Assessment (“eCOA”) solutions for clinical trials
Trustpilot[25] VIP II May-15 Denmark / United States Global, multi-language open review community
Voxbone[26] VIP II Aug-15 Belgium Cloud-based provider of international voice over internet protocol (VoIP) services
Ebury[27] VIP II Nov-15 United Kingdom Currency and lending solutions to European SMEs
Accountor[28] VIP II Dec-15 Finland Finance and accounting software and services to the SME market across the Nordics
Skyscanner[29] VIP II Dec-15 United Kingdom Global travel metasearch engine
Unifaun[30] VIP II Feb-16 Sweden Leading provider of transport management software solutions to shippers and carriers

References

  1. ^ Basar, Shanny. "Vitruvian Partners closes debut fund". Financial News. Retrieved 23 May 2016.
  2. ^ Vitruvian Partners closes inaugural fund on €925m. AltAssets, February 27, 2008
  3. ^ "UK investor Vitruvian raises USD1.6 billion in fundraising for second fund". Venture Capital Post. Retrieved 23 May 2016.
  4. ^ Sweney, Mark (9 May 2008). "Consortium eyes Tinopolis for £44.7m". The Guardian. Retrieved 20 May 2016.
  5. ^ Ruckin, Claire; Hutchinson, Clare (17 Feb 2014). "Private equity group GTCR acquires UK's Callcredit". Reuters. Retrieved 20 May 2016.
  6. ^ Macfarlane, Alec (17 Feb 2014). "Chicago's GTCR beats European buyout bids for Callcredit". Financial News. Retrieved 23 May 2016.
  7. ^ Young, Sarah (4 May 2010). "Inspired Gaming agrees £74.4 million takeover". Reuters. Retrieved 23 May 2016.
  8. ^ Osbourne, Alistair (13 Jan 2011). "OpenBet in £208m management buy-out". Telegraph. Retrieved 23 May 2016.
  9. ^ Martin, Ben (5 Apr 2016). "William Hill invests £90m in new OpenBet owner". Telegraph. Retrieved 23 May 2016.
  10. ^ "Unicom undergoes MBO in major deal". Comms Dealer. 31 May 2011. Retrieved 23 May 2016.
  11. ^ Jackson, Mark (15 Oct 2015). "Unicom's Parent Company Universal Utilities Renames to VERASTAR". ISP Review. Retrieved 23 May 2016.
  12. ^ "IMD accepts £33.9m offer from Vitruvian". Stock Market Wire. 28 Feb 2011. Retrieved 23 May 2016.
  13. ^ Edgecliffe-Johnson, Andrew (9 Oct 2011). "Vitruvian buys high-end PR firm". Financial Times. Retrieved 23 May 2016.
  14. ^ Cooper, Rachel (2 Feb 2012). "Vitruvian invests in Healthcare at Home". Telegraph. Retrieved 23 May 2016.
  15. ^ Lunden, Ingrid (30 Apr 2012). "Just-Eat Just Raised Another $64M From Vitruvian, Index, Greylock For Online Food Ordering". Tech Crunch. Retrieved 23 May 2016.
  16. ^ Julia, Kollewe (3 Apr 2014). "Just Eat shares rise on stock market debut". The Guardian. Retrieved 23 May 2016.
  17. ^ "Vitruvian Partners investerar i Snow Software". My News Desk. 28 Aug 2012. Retrieved 23 May 2016.
  18. ^ Porter, Kiel (16 Jun 2013). "Vitruvian Partners to Buy Inenco From Cinven-Backed Enserve". Bloomberg. Retrieved 23 May 2016.
  19. ^ Steger, Alex (13 Nov 2013). "Royal London set to sell offshore business". City Wire. Retrieved 23 May 2016.
  20. ^ Voshage, Peter (10 Apr 2014). "Englischer Investor kauft sich in die Intensivpflege in Thüringen ein". Pflegemarkt. Retrieved 23 May 2016.
  21. ^ Koblin, John (30 Apr 2014). "Farfetch, an Online Boutique, Enjoys Its Moment". NY Times. Retrieved 23 May 2016.
  22. ^ Primack, Dan (26 Jun 2014). "Deals of the day: Wickr raises $30 million". Fortune. Retrieved 23 May 2016.
  23. ^ Primack, Dan (17 Jul 2014). "Deals of the day: GE to sell home appliance unit?". Fortune. Retrieved 23 May 2016.
  24. ^ "CRF Health Announces Receipt of Regulatory Approvals and Completion of Investment by Vitruvian Partners". PR Newswire. 2 Feb 2015. Retrieved 23 May 2016.
  25. ^ Kolodny, Lora (28 May 2015). "Trustpilot Raises $73.5 Million for Credible Reviews of Businesses Online". Wall Street Journal. Retrieved 23 May 2016.
  26. ^ "Vitruvian Takes Majority Stake in Voxbone". Wall Street Journal. 20 Aug 2015. Retrieved 23 May 2016.
  27. ^ Grandhi, Kedar (18 Nov 2015). "Ebury raises $83m from Vitruvian Partners and 83North". IB Times. Retrieved 23 May 2016.
  28. ^ "Accountor announces investment by Vitruvian Partners to support its future growth". Accountor. 7 Oct 2015. Retrieved 23 May 2016.
  29. ^ "Travel firm Skyscanner secures major investment". BBC. 12 Jan 2016. Retrieved 23 May 2016.
  30. ^ Rogan, Stephanie (11 Feb 2016). "Bridgepoint Development sells Unifaun to Vitruvian". PE Hub Network. Retrieved 23 May 2016.