Vitruvian Partners

{{short description|European private equity firm}}

{{buzzword|date=June 2018}}

{{Infobox company

| name = Vitruvian Partners

| logo = Vitruvian Partners logo

| type = Private

| founders = Founding Partners: Ian Riley (Advisory Partner), Michael Risman, Toby Wyles (Retired) Mark Harford (Retired), David Nahama.

| key_people = Joined founding team: Stephen Byrne, Ben Johnson, Jussi Wuoristo

| industry = Private Equity

| products = Leveraged buyouts and growth capital

| assets = VIP I: €925 million, VIP II: £1 billion, VIP III: €2.4 billion, VIP IV: €4 billion, VIP V: €7.3 billion.

| num_employees = >100

| homepage = [http://www.vitruvianpartners.com www.vitruvianpartners.com]

| foundation = {{start date and age|2006}}

| location = London, United Kingdom / Munich, Germany / Stockholm, Sweden / Luxembourg, Luxembourg / Madrid, Spain / Miami, United States / Mumbai, India / Shanghai, China / Singapore, Singapore / San Francisco, United States|

}}

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, Miami, Mumbai, Stockholm, Shanghai, Singapore, 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").[http://www.altassets.com/private-equity-news/article/nz12793.html Vitruvian Partners closes inaugural fund on €925m]. AltAssets, February 27, 2008 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).{{cite web|title=UK investor Vitruvian raises USD1.6 billion in fundraising for second fund|url=http://www.vcpost.com/articles/19254/20131205/uk-investor-vitruvian-closes-usd1-6-billion-fundraising-second-fund.htm|website=Venture Capital Post|date=5 December 2013|access-date=23 May 2016}} 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.{{Cite news|url=https://www.ft.com/content/eeb2e8d6-4d95-3793-945b-e9dc6ff0aaa1|title=Vitruvian raises €2.4bn in latest sign of buoyant private-equity market|newspaper=Financial Times|date=30 June 2017|last1=Espinoza|first1=Javier}} In July 2020 Vitruvian announced the closing of Vitruvian Investment Partnership IV (“VIP IV”) at the hard cap of €4.0 billion.{{Cite web|last=Pai|first=Laxman|date=3 August 2020|title=Vitruvian Partners races to $4.7bn hard cap close for the new fund|url=https://www.opalesque.com/680729/Vitruvian_Partners_races_to_hard_cap_close072.html|access-date=22 January 2021|website=Opalesque}} In September 2024 Vitruvian announced the closing of Vitruvian Investment Partnership V ("VIP V") at the hard cap of €7.3 billion.

In an annual study of the long-term performance conducted by Dow Jones/HEC Vitruvian was ranked in the Top 1% of GPs (General Partners) globally for the third year running.[https://www.hec.edu/en/news-room/hec-paris-dowjones-2022-large-buyout-performance-rankings-show-stronger-presence-european-firms-global-top-20]

Investments

{{advert|date=June 2018}}

class="wikitable"
Company

! Fund

! Date Invested

! Date Sold

! Headquarters

! Description

Tinopolis{{cite web |url=https://www.theguardian.com/media/2008/may/09/mediabusiness.television |title=Consortium eyes Tinopolis for £44.7m |last=Sweney |first=Mark |date=9 May 2008 |website=The Guardian |access-date=20 May 2016}}

| VIP I

| Jul-08

|Oct-17{{Cite news|url=http://www.vitruvianpartners.com/vitruvian-sells-shareholding-leading-independent-content-company-tinopolis/|title=Vitruvian sells its shareholding in leading independent content company Tinopolis - Vitruvian|date=2017-10-23|work=Vitruvian|access-date=2017-12-04|language=en-GB}}

| United Kingdom

| Independent TV production house

Callcredit{{cite web |url=http://uk.reuters.com/article/uk-callcredit-loans-idUKBREA1G0Z820140217 |archive-url=https://web.archive.org/web/20160617154230/http://uk.reuters.com/article/uk-callcredit-loans-idUKBREA1G0Z820140217 |url-status=dead |archive-date=June 17, 2016 |title=Private equity group GTCR acquires UK's Callcredit |last1=Ruckin |first1=Claire |last2=Hutchinson |first2=Clare |date=17 Feb 2014 |website=Reuters |access-date=20 May 2016}}

| VIP I

| Dec-09

| Feb-14{{cite web |url=http://www.efinancialnews.com/story/2014-02-17/gtcr-callcredit-private-equity-vitruvian-permira-charterhouse |title=Chicago's GTCR beats European buyout bids for Callcredit |last1=Macfarlane |first1=Alec |date=17 Feb 2014 |website=Financial News |access-date=23 May 2016}}

| United Kingdom

| Provider of credit reference and marketing

Inspired Gaming{{cite web |url=http://uk.reuters.com/article/uk-inspired-gaming-idUKTRE64310F20100504 |archive-url=https://web.archive.org/web/20160617163405/http://uk.reuters.com/article/uk-inspired-gaming-idUKTRE64310F20100504 |url-status=dead |archive-date=June 17, 2016 |title=Inspired Gaming agrees £74.4 million takeover |last1=Young |first1=Sarah |date=4 May 2010 |website=Reuters |access-date=23 May 2016}}

| VIP I

| Jul-10

| Jul-16{{cite web |url=https://sbcnews.co.uk/retail/2016/07/14/hydra-industries-acquires-inspired-gaming-for-200-million/ |title=Inspired Gaming Snapped Up By Hydra For £200 Million |last=Menmuir |first=Ted |date=14 July 2016 |website=SBCNEWS |access-date=22 June 2017}}

| United Kingdom

| Land-based gaming products to licensed betting shops, bingo operators and casinos

Openbet{{cite web |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8255926/OpenBet-in-208m-management-buy-out.html |title=OpenBet in £208m management buy-out |last1=Osbourne |first1=Alistair |date=13 Jan 2011 |website=Telegraph |access-date=23 May 2016}}

| VIP I

| Jan-11

| Apr-16{{cite news |url=https://www.telegraph.co.uk/business/2016/04/04/william-hill-invests-90m-in-new-openbet-owner/ |title=William Hill invests £90m in new OpenBet owner |last1=Martin |first1=Ben |date=5 Apr 2016 |website=Telegraph |access-date=23 May 2016}}

| United Kingdom

| Online gaming and betting

Verastar{{cite web |url=http://www.comms-dealer.com/industry-news/unicom-undergoes-mbo-major-deal |title=Unicom undergoes MBO in major deal |date=31 May 2011 |website=Comms Dealer |access-date=23 May 2016}} (pka Unicom{{cite web |url=http://www.ispreview.co.uk/index.php/2015/10/unicoms-parent-company-universal-utilities-renames-to-verastar.html |title=Unicom's Parent Company Universal Utilities Renames to VERASTAR |last1=Jackson |first1=Mark |date=15 Oct 2015 |website=ISP Review |access-date=23 May 2016}})

| VIP I

| Apr-11

|

| United Kingdom

| Reseller of business services to the UK micro SME market

Group IMD{{cite web |url=http://www.stockmarketwire.com/article/4092731/IMD-accepts-33-point-9m-offer-from-Vitruvian.html |title=IMD accepts £33.9m offer from Vitruvian |date=28 Feb 2011 |website=Stock Market Wire |access-date=23 May 2016}} (pka Independent Media Distribution)

| VIP I

| May-11

| Sep-16

| United Kingdom

| TV & Radio advertising & digital media

Benify (pka Flexpay)

| VIP I

| Jun-11

|

| Sweden

| employee engagement software

Instinctif Partners{{cite web |url=http://www.ft.com/cms/s/0/f9f3aacc-f29d-11e0-931e-00144feab49a.html#axzz46Axr8hic |title=Vitruvian buys high-end PR firm |last1=Edgecliffe-Johnson |first1=Andrew |date=9 Oct 2011 |website=Financial Times |access-date=23 May 2016}} (pka College Group)

| VIP I

| Oct-11

| Sept-19

| United Kingdom

| Business communications consultancy headquartered in London and with offices on five continents

Healthcare at Home{{cite web |url=https://www.telegraph.co.uk/finance/newsbysector/pharmaceuticalsandchemicals/9055354/Vitruvian-invests-in-Healthcare-at-Home.html |title=Vitruvian invests in Healthcare at Home |last1=Cooper |first1=Rachel |date=2 Feb 2012 |website=Telegraph |access-date=23 May 2016}}

| VIP I

| Feb-12

|

| United Kingdom

| Provider of clinical and pharmaceutical services to patients in homes

Just Eat{{cite web |url=https://techcrunch.com/2012/04/30/just-eat-just-raised-another-64m-from-vitruvian-index-greylock-for-online-food-ordering/ |title=Just-Eat Just Raised Another $64M From Vitruvian, Index, Greylock For Online Food Ordering |last1=Lunden |first1=Ingrid |date=30 Apr 2012 |website=Tech Crunch |access-date=23 May 2016}}

| VIP I

| Apr-12

| IPO Mar-14{{cite web |url=https://www.theguardian.com/business/2014/apr/03/just-eat-shares-rise-flotation |title=Just Eat shares rise on stock market debut |last1=Julia |first1=Kollewe |date=3 Apr 2014 |website=The Guardian |access-date=23 May 2016}}

| United Kingdom / Denmark

| online takeaway ordering service. Floated on the London Stock Exchange in April 2014

Snow Software{{cite web |url=http://www.mynewsdesk.com/se/snowsoftware/pressreleases/vitruvian-partners-investerar-i-snow-software-788102 |title=Vitruvian Partners investerar i Snow Software |date=28 Aug 2012 |website=My News Desk |access-date=23 May 2016}}

| VIP II

| Jul-12

| Partial Realisation Apr-17{{cite web |url=https://realdeals.eu.com/news/2017/04/28/vitruvian-backed-snow-software-receives-funding/ |title=Vitruvian-backed Snow Software receives further funding |last=Riordan |first=Darragh |date=28 April 2017 |website=realdeals |access-date=22 June 2017}}

| Sweden

| Software asset management

Inenco Group{{cite news |url=https://www.bloomberg.com/news/articles/2013-07-16/vitruvian-partners-to-buy-inenco-from-cinven-backed-enserve |title=Vitruvian Partners to Buy Inenco From Cinven-Backed Enserve |last1=Porter |first1=Kiel |date=16 Jun 2013 |newspaper=Bloomberg.com |access-date=23 May 2016}}

| VIP I

| Sep-13

|

| United Kingdom

| strategic energy management

RL360°{{cite web |url=http://citywire.co.uk/new-model-adviser/news/royal-london-set-to-sell-offshore-business/a716908?section=new-model-adviser |title=Royal London set to sell offshore business |last1=Steger |first1=Alex |date=13 Nov 2013 |website=City Wire |access-date=23 May 2016}}

| VIP I

| Nov-13

|

| Isle of Man

| Specialist international life assurance provider

Linimed-Fazmed{{cite web |url=http://www.pflegemarkt.com/de/news/vitruvian-partners-llp-uebernimmt-linimed-gmbh-und-fazmed-gmbh/ |title=Englischer Investor kauft sich in die Intensivpflege in Thüringen ein. |last1=Voshage |first1=Peter |date=10 Apr 2014 |website=Pflegemarkt |access-date=23 May 2016}}

| VIP II

| Mar-14

| Jul-18

| Germany

| ambulatory outpatient intensive care services in the eastern part of Germany

Farfetch{{cite web |url=https://www.nytimes.com/2014/05/01/fashion/farfetch-an-online-boutique-enjoys-its-moment.html?_r=0 |title=Farfetch, an Online Boutique, Enjoys Its Moment |last1=Koblin |first1=John |date=30 Apr 2014 |website=NY Times |access-date=23 May 2016}}

| VIP II

| Apr-14

|

| United Kingdom

| Online market place for fashion boutiques

JacTravel{{cite web |url=http://fortune.com/2014/06/26/deals-of-the-day-wickr-raises-30-million/ |title=Deals of the day: Wickr raises $30 million |last1=Primack |first1=Dan |date=26 Jun 2014 |website=Fortune |access-date=23 May 2016}}

| VIP II

| Jul-14

| Sep-17

| United Kingdom

| B2B hotel room marketplace

Solvinity{{cite web |url=http://fortune.com/2014/07/17/deals-of-the-day-ge-home-appliance/ |title=Deals of the day: GE to sell home appliance unit? |last1=Primack |first1=Dan |date=17 Jul 2014 |website=Fortune |access-date=23 May 2016}} (pka ASP4all Bitbrains)

| VIP II

| Jul-14

|

| Netherlands

| managed hosting and cloud services

CRF Health{{cite web |url=http://www.prnewswire.com/news-releases/crf-health-announces-receipt-of-regulatory-approvals-and-completion-of-investment-by-vitruvian-partners-290527771.html |title=CRF Health Announces Receipt of Regulatory Approvals and Completion of Investment by Vitruvian Partners |date=2 Feb 2015 |website=PR Newswire |access-date=23 May 2016}}

| VIP II

| Jan-15

|

| Finland / United States of America

| Leading{{citation needed|date=June 2018}} provider of electronic Clinical Outcomes Assessment (“eCOA”) for clinical trials

Trustpilot{{cite web |url=https://blogs.wsj.com/venturecapital/2015/05/28/trustpilot-raises-73-5-million-for-credible-reviews-of-businesses-online/ |title=Trustpilot Raises $73.5 Million for Credible Reviews of Businesses Online |last1=Kolodny |first1=Lora |date=28 May 2015 |website=Wall Street Journal |access-date=23 May 2016}}

| VIP II

| May-15

|

| Denmark / United States

| Global, multi-language open review community

Voxbone{{cite web |url=https://www.wsj.com/articles/DJFLBO0120150820eb8kioxom |title=Vitruvian Takes Majority Stake in Voxbone |date=20 Aug 2015 |website=Wall Street Journal |access-date=23 May 2016}}

| VIP II

| Aug-15

|

| Belgium

| Cloud-based provider of international voice over internet protocol (VoIP) services

Ebury{{cite web |url=http://www.ibtimes.co.uk/ebury-raises-83m-vitruvian-partners-83-north-1529250 |title=Ebury raises $83m from Vitruvian Partners and 83North |last1=Grandhi |first1=Kedar |date=18 Nov 2015 |website=IB Times |access-date=23 May 2016}}

| VIP II

| Nov-15

|

| United Kingdom

| Currency and lending to European SMEs

Accountor{{cite web |url=http://www.accountor.dk/en/news/2015/accountor-announces-investment-vitruvian-partners-support-its-future-growth |title=Accountor announces investment by Vitruvian Partners to support its future growth |date=7 Oct 2015 |website=Accountor |access-date=23 May 2016}}

| VIP II

| Dec-15

|

| Finland

| Finance and accounting software and services to the SME market across the Nordics

Skyscanner{{cite web |url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-35289861 |title=Travel firm Skyscanner secures major investment |date=12 Jan 2016 |website=BBC |access-date=23 May 2016}}

| VIP II

| Dec-15

| Dec-16

| United Kingdom

| Global travel metasearch engine

Unifaun{{cite web |url=https://www.pehub.com/2016/02/bridgepoint-development-sells-unifaun-to-vitruvian/ |title=Bridgepoint Development sells Unifaun to Vitruvian |last1=Rogan |first1=Stephanie |date=11 Feb 2016 |website=PE Hub Network |access-date=23 May 2016}}

| VIP II

| Feb-16

|

| Sweden

| provider of transport management software to shippers and carriers

SnapLogic{{cite web |url=https://techcrunch.com/2016/12/07/snaplogic-snaps-up-another-40-million/ |title=SnapLogic snaps up another $40 million |last1=Miller |first1=Ron |date=7 Dec 2016 |website=TechCrunch |access-date=22 Jun 2017}}

| VIP II

| Dec-16

|

| United States

| Self service integration software

Phlexglobal{{cite web |url=https://www.insidermedia.com/insider/central-and-east/phlexglobal-reveals-new-majority-shareholder |title=Phlexglobal Reveals New Majority Shareholder |last1=Patel |first1=Karishma |date=15 Dec 2016 |website=Insider Media Limited |access-date=22 Jun 2017}}

| VIP II

| Dec-16

|

| United Kingdom

| clinical trial master file

Vestiaire Collective{{cite web |url=http://www.finsmes.com/2017/01/vestiaire-collective-closes-e58m-financing-round.html |title=Vestiaire Collective Closes €58m Financing Round |date=24 Jan 2016 |website=FINSMES |access-date=22 Jun 2017}}

| VIP II

| Jan-17

|

| France

| Leading European online marketplace for pre-owned luxury fashion items

OAG{{cite web |url=http://techcitynews.com/2017/02/16/vitruvian-partners-acquires-traveltech-firm-oag-for-215m/ |title=Vitruvian Partners acquires TravelTech firm OAG for $215m |last1=Daniel |first1=Beth |date=16 Feb 2017 |website=Tech City News |access-date=22 Jun 2017}}

| VIP II

| Feb-17

|

| United Kingdom

| Aviation information provider

EasyPark

|VIP III

|Dec-17

|

|Norway

|Parking marketplace

Sykes Cottages Ltd{{cite web |url=https://northernfinancialreview.com/2019/10/29/vitruvian-buys-sykes-holiday-cottages-for-375m/ |title=Vitruvian buys Sykes Holiday Cottages for £375m |date=29 Oct 2019 |website=Northern Financial Review}}

|VIP III

|Oct-19

|

|United Kingdom

|Vacation Rental Management Company

References