Bain Capital has acquired stake in Portland-based Viewpoint Construction Software, the biggest investment in a privately held Oregon tech company since 2007, for the amount of $230 million.

Bain is acquiring the equity stakes of Viewpoint’s two original outside investors, Updata Partners and TA Associates. Combined, Updata and TA Associates invested $86 million in the company in 2010 and 2012, fueling a streak of acquisitions that fueled growth and drove revenue from $19 million in 2009 to “more than” $140 million in 2014.

The Bain deal, slated to close later this week, positions Viewpoint to accelerate growth and is one of the country’s largest venture deals to date for 2014.

Sequoia Capital’s $325 million investment in San Francisco-based Dropbox Inc. was the largest deal of the first quarter, followed by a $200 million investment by a consortium of investors in Airbnb Inc.

Source: Portland Business Journal

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bain Capital, Portland, Viewpoint Construction Software, Oregon, Oregon Tech Company, Updata Partners, TA Associates, Sequoia Capital, San Francisco, Dropbox Inc., Airbnb Inc.

{ 0 comments }

PitchBook Mobile, the first mobile application for the global private equity & venture capital markets, to be launched by PitchBook Data, Inc., the foremost data and technology provider.

“PitchBook Mobile enables me to be more effective out of the office, especially when I need to access important company and investor information between business meetings,” said Michael Pitruzzello, Vice President at Prospect Private Partners.

PitchBook Mobile, the first application of its kind, enables industry professionals to quickly access critical intelligence on all aspects of the PE and VC lifecycle.

“PitchBook Mobile was developed in response to the markets’ increasing need for mobile access to reliable private equity and venture capital data. We recognize that the professionals we serve are constantly on the go and on the road. Because of this, we saw a huge opportunity to support our clients’ needs by providing mobile access to the PitchBook Platform wherever they are,” said Fabrice Forget, PitchBook’s Vice President of Products.

Source: Broadway World

 

Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, PitchBook Mobile, Mobile Application, Mobile App, Private Equity & Venture Capital Markets, Venture Capital, Venture Capital Market, PitchBook Data, Inc., Michael Pitruzzello, Prospect Private Partners, Fabrice Forget.

{ 0 comments }

Obama’s Healthcare Reforms are Good for Australia

April 17, 2014

According to Mark Carnegie, the Founder of M.H. Carnegie & Co., a venture capital, private equity and advisory firm, Obamacare is a great thing for Australia’s healthcare sector. He’s invested $6 million as part of a $20 million funding round for the Seattle-based medical device maker Cardiac Dimensions, according to the AFR. The Obamacare reforms […]

Read the full article →

Brazil Venture Capital Market Gets Boost by BNDES

April 16, 2014

To help foster new funding in the Brazilian capital market, Brazilian Development Bank BNDES target to spend over to 3 billion reais ($1.35 billion) on stakes in buyout investment vehicles and share offerings by small- and mid-sized companies. The program will be carried out mainly by BNDES’s investment holding company, BNDESPar, the Rio de Janeiro-based […]

Read the full article →

Brazil’s ABVCAP Elects Carlyle’s Fernando Borges as New President

April 15, 2014

Fernando Borges, currently a managing director and co-head of private equity at the Carlyle Group LP, has been appointed by Associação Brasileira de Private Equity & Venture Capital, the Brazilian group representing the buyout industry, as its new President. Speaking in Rio de Janeiro, where ABVCAP is hosting its annual summit, Borges said “the perspective […]

Read the full article →

“More Venture Capital is needed in Canada” Says Craig Alexander

April 14, 2014

Craig Alexander, TD Bank Group’s chief economist, revealed that more venture capital is needed in Canada, supporting the provincial government’s decision. However, TD Bank Group’s chief economist Craig Alexander also warns against too much public money being placed into venture capital, saying the goal should be to attract more private capital to the higher-risk investments. […]

Read the full article →

11 Startups were Valued at $1B or More in Q1’14

April 11, 2014

According to report released by CB Insights, startups in the United States hit highest mark since 2001 during the first the first quarter in 2014, and 11 companies were valued at $1 billion or more. Venture capitalists invested $9.99 billion across 880 deals in the first quarter of 2014. The dollar amount jumped by 44 […]

Read the full article →

World’s Largest Buyout Firm to Buy Gates for $5.4B

April 9, 2014

The world’s largest buyout firm Blackstone Group L.P. agreed to acquire Gates Global Inc., an auto-parts maker, from Onex Corp. and Canada Pension Plan Investment Board for $5.4 billion. The deal represents the second-largest private-equity buyout so far this year, after Cerberus Capital Management LP’s $9.4 billion agreement to merge its Albertsons supermarket chain with […]

Read the full article →

General Catalyst Partners Appoints Ex-Zipcar CEO Scott Griffith

April 8, 2014

Former Zipcar CEO Scott Griffith, has been appointed by General Catalyst Partners, a venture capital firm that makes early-stage and growth equity investments, as its partner. Griffith will also be identifying investments in transformative businesses and work alongside founders to offer leadership, mentorship and operational support to drive rapid scale, according to a release. “Well-branded, […]

Read the full article →

Hellman & Friedman Expects to Raise Its Eight Fund at $8.9B

April 3, 2014

An American private equity fund Hellman & Friedman LLC is planning to raise $8.9 billion for its eight fund, which would make it the largest private-equity fund this year, people familiar with the matter told Bloomberg. The San Francisco-based firm expects to start gathering capital for its eighth fund by May, said the people, asking […]

Read the full article →