Vitruvian Partners

Last updated
Vitruvian Partners
Company type Private
Industry Private Equity
Founded2006;18 years ago (2006)
FoundersFounding Managing Partners: Ian Riley (Advisory Partner), Michael Risman, Toby Wyles (Retired). Founding Partners: Mark Harford (Retired), David Nahama
Headquarters London, United Kingdom / Munich, Germany / Stockholm, Sweden / Luxembourg, Luxembourg / Madrid, Spain / Shanghai, China / San Francisco, United States
Key people
Joined founding team: Stephen Byrne, Ben Johnson, Jussi Wuoristo
Products Leveraged buyouts and growth capital
Total assets VIP I: €925 million, VIP II: £1 billion, VIP III: €2.4 billion, VIP IV: €4 billion
Number of employees
>100
Website www.vitruvianpartners.com

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

Vitruvian invests throughout Europe, the U.S. and Asia. The firm has offices in London, Munich, Madrid, Stockholm, Shanghai, San Francisco and Luxembourg.

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, the Vitruvian Investment Partnership I ("VIP I"). [1] 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). [2] In June 2017, Vitruvian announced that it had closed the fundraising of its third fund, Vitruvian Investment Partnership III (“VIP III”), at the hard cap of €2.4 billion. [3] In July 2020 Vitruvian announced the closing of Vitruvian Investment Partnership IV (“VIP IV”) at the hard cap of €4.0 billion. [4]

Annual study of long-term performance conducted by Dow Jones/HEC ranked Vitruvian in the Top 1% of GPs globally for the third year running. Full link to the report here:


Investments

CompanyFundDate InvestedDate SoldHeadquartersDescription
Tinopolis [5] VIP IJul-08Oct-17 [6] United KingdomIndependent TV production house
Callcredit [7] VIP IDec-09Feb-14 [8] United KingdomProvider of credit reference and marketing
Inspired Gaming [9] VIP IJul-10Jul-16 [10] United KingdomLand-based gaming products to licensed betting shops, bingo operators and casinos
Openbet [11] VIP IJan-11Apr-16 [12] United KingdomOnline gaming and betting
Verastar [13] (pka Unicom [14] )VIP IApr-11United KingdomReseller of business services to the UK micro SME market
Group IMD [15] (pka Independent Media Distribution)VIP IMay-11Sep-16United KingdomTV & Radio advertising & digital media
Benify (pka Flexpay)VIP IJun-11Swedenemployee engagement software
Instinctif Partners [16] (pka College Group)VIP IOct-11Sept-19
United KingdomBusiness communications consultancy headquartered in London and with offices on five continents
Healthcare at Home [17] VIP IFeb-12United KingdomProvider of clinical and pharmaceutical services to patients in homes
Just Eat [18] VIP IApr-12IPO Mar-14 [19] United Kingdom / Denmarkonline takeaway ordering service. Floated on the London Stock Exchange in April 2014
Snow Software [20] VIP IIJul-12Partial Realisation Apr-17 [21] SwedenSoftware asset management
Inenco Group [22] VIP ISep-13United Kingdomstrategic energy management
RL360° [23] VIP INov-13 Isle of Man Specialist international life assurance provider
Linimed-Fazmed [24] VIP IIMar-14Jul-18Germanyambulatory outpatient intensive care services in the eastern part of Germany
Farfetch [25] VIP IIApr-14United KingdomOnline market place for fashion boutiques
JacTravel [26] VIP IIJul-14Sep-17United KingdomB2B hotel room marketplace
Solvinity [27] (pka ASP4all Bitbrains)VIP IIJul-14 Netherlands managed hosting and cloud services
CRF Health [28] VIP IIJan-15 Finland / United States of America Leading[ citation needed ] provider of electronic Clinical Outcomes Assessment (“eCOA”) for clinical trials
Trustpilot [29] VIP IIMay-15Denmark / United StatesGlobal, multi-language open review community
Voxbone [30] VIP IIAug-15BelgiumCloud-based provider of international voice over internet protocol (VoIP) services
Ebury [31] VIP IINov-15United KingdomCurrency and lending to European SMEs
Accountor [32] VIP IIDec-15 Finland Finance and accounting software and services to the SME market across the Nordics
Skyscanner [33] VIP IIDec-15Dec-16United KingdomGlobal travel metasearch engine
Unifaun [34] VIP IIFeb-16Swedenprovider of transport management software to shippers and carriers
SnapLogic [35] VIP IIDec-16United StatesSelf service integration software
Phlexglobal [36] VIP IIDec-16United Kingdomclinical trial master file
Vestiaire Collective [37] VIP IIJan-17FranceLeading European online marketplace for pre-owned luxury fashion items
OAG [38] VIP IIFeb-17United KingdomAviation information provider
EasyParkVIP IIIDec-17NorwayParking marketplace
Sykes Cottages Ltd [39] VIP IIIOct-19United KingdomVacation Rental Management Company

Related Research Articles

References

  1. Vitruvian Partners closes inaugural fund on €925m. AltAssets, February 27, 2008
  2. "UK investor Vitruvian raises USD1.6 billion in fundraising for second fund". Venture Capital Post. 5 December 2013. Retrieved 23 May 2016.
  3. Espinoza, Javier (30 June 2017). "Vitruvian raises €2.4bn in latest sign of buoyant private-equity market". Financial Times.
  4. Pai, Laxman (3 August 2020). "Vitruvian Partners races to $4.7bn hard cap close for the new fund". Opalesque. Retrieved 22 January 2021.
  5. Sweney, Mark (9 May 2008). "Consortium eyes Tinopolis for £44.7m". The Guardian. Retrieved 20 May 2016.
  6. "Vitruvian sells its shareholding in leading independent content company Tinopolis - Vitruvian". Vitruvian. 2017-10-23. Retrieved 2017-12-04.
  7. Ruckin, Claire; Hutchinson, Clare (17 Feb 2014). "Private equity group GTCR acquires UK's Callcredit". Reuters. Retrieved 20 May 2016.
  8. Macfarlane, Alec (17 Feb 2014). "Chicago's GTCR beats European buyout bids for Callcredit". Financial News. Retrieved 23 May 2016.
  9. Young, Sarah (4 May 2010). "Inspired Gaming agrees £74.4 million takeover". Reuters. Retrieved 23 May 2016.
  10. Menmuir, Ted (14 July 2016). "Inspired Gaming Snapped Up By Hydra For £200 Million". SBCNEWS. Retrieved 22 June 2017.
  11. Osbourne, Alistair (13 Jan 2011). "OpenBet in £208m management buy-out". Telegraph. Retrieved 23 May 2016.
  12. Martin, Ben (5 Apr 2016). "William Hill invests £90m in new OpenBet owner". Telegraph. Retrieved 23 May 2016.
  13. "Unicom undergoes MBO in major deal". Comms Dealer. 31 May 2011. Retrieved 23 May 2016.
  14. Jackson, Mark (15 Oct 2015). "Unicom's Parent Company Universal Utilities Renames to VERASTAR". ISP Review. Retrieved 23 May 2016.
  15. "IMD accepts £33.9m offer from Vitruvian". Stock Market Wire. 28 Feb 2011. Retrieved 23 May 2016.
  16. Edgecliffe-Johnson, Andrew (9 Oct 2011). "Vitruvian buys high-end PR firm". Financial Times. Retrieved 23 May 2016.
  17. Cooper, Rachel (2 Feb 2012). "Vitruvian invests in Healthcare at Home". Telegraph. Retrieved 23 May 2016.
  18. 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.
  19. Julia, Kollewe (3 Apr 2014). "Just Eat shares rise on stock market debut". The Guardian. Retrieved 23 May 2016.
  20. "Vitruvian Partners investerar i Snow Software". My News Desk. 28 Aug 2012. Retrieved 23 May 2016.
  21. Riordan, Darragh (28 April 2017). "Vitruvian-backed Snow Software receives further funding". realdeals. Retrieved 22 June 2017.
  22. Porter, Kiel (16 Jun 2013). "Vitruvian Partners to Buy Inenco From Cinven-Backed Enserve". Bloomberg.com. Retrieved 23 May 2016.
  23. Steger, Alex (13 Nov 2013). "Royal London set to sell offshore business". City Wire. Retrieved 23 May 2016.
  24. Voshage, Peter (10 Apr 2014). "Englischer Investor kauft sich in die Intensivpflege in Thüringen ein". Pflegemarkt. Retrieved 23 May 2016.
  25. Koblin, John (30 Apr 2014). "Farfetch, an Online Boutique, Enjoys Its Moment". NY Times. Retrieved 23 May 2016.
  26. Primack, Dan (26 Jun 2014). "Deals of the day: Wickr raises $30 million". Fortune. Retrieved 23 May 2016.
  27. Primack, Dan (17 Jul 2014). "Deals of the day: GE to sell home appliance unit?". Fortune. Retrieved 23 May 2016.
  28. "CRF Health Announces Receipt of Regulatory Approvals and Completion of Investment by Vitruvian Partners". PR Newswire. 2 Feb 2015. Retrieved 23 May 2016.
  29. Kolodny, Lora (28 May 2015). "Trustpilot Raises $73.5 Million for Credible Reviews of Businesses Online". Wall Street Journal. Retrieved 23 May 2016.
  30. "Vitruvian Takes Majority Stake in Voxbone". Wall Street Journal. 20 Aug 2015. Retrieved 23 May 2016.
  31. Grandhi, Kedar (18 Nov 2015). "Ebury raises $83m from Vitruvian Partners and 83North". IB Times. Retrieved 23 May 2016.
  32. "Accountor announces investment by Vitruvian Partners to support its future growth". Accountor. 7 Oct 2015. Retrieved 23 May 2016.
  33. "Travel firm Skyscanner secures major investment". BBC. 12 Jan 2016. Retrieved 23 May 2016.
  34. Rogan, Stephanie (11 Feb 2016). "Bridgepoint Development sells Unifaun to Vitruvian". PE Hub Network. Retrieved 23 May 2016.
  35. Miller, Ron (7 Dec 2016). "SnapLogic snaps up another $40 million". TechCrunch. Retrieved 22 Jun 2017.
  36. Patel, Karishma (15 Dec 2016). "Phlexglobal Reveals New Majority Shareholder". Insider Media Limited. Retrieved 22 Jun 2017.
  37. "Vestiaire Collective Closes €58m Financing Round". FINSMES. 24 Jan 2016. Retrieved 22 Jun 2017.
  38. Daniel, Beth (16 Feb 2017). "Vitruvian Partners acquires TravelTech firm OAG for $215m". Tech City News. Retrieved 22 Jun 2017.
  39. "Vitruvian buys Sykes Holiday Cottages for £375m". Northern Financial Review. 29 Oct 2019.