Private Equity Investment in the Global Clean Economy

In March 2023, Vitruvian Partners-backed Travel Counsellors acquired Holidaysplease, a travel company operator, for an undisclosed sum.

In July 2022, Vitruvian Partners acquired a majority stake in Meriplex Communications, an IT, cybersecurity, and network services provider, for an undisclosed sum. The investment will help Meriplex to expand its nationwide footprint.

In April 2022, Pine Labs acquired a majority stake in Mosambee, a payments solution provider, via its financial sponsors Vitruvian Partners, BlackRock, Baron Funds, Madison India Capital, Ward Ferry Management, Invesco and other add-on sponsors. The details of the transaction were not disclosed. The acquisition will enable Pine Labs to broaden its offerings of payment solutions.

In April 2022, Forest Holidays, an operator of woodland holiday cabins, was acquired by Sykes Holiday Cottages, via its financial sponsors Livingbridge, Vitruvian Partners and HarbourVest Partners, through an LBO for c.$394 million.

In January 2022, AnyVan, a logistics technology company operator, received c.$168 million of development capital from Vitruvian Partners and other investors. The investment will help the company to accelerate growth and develop technology to disrupt the fragmented transportation markets in the UK and Europe.

In October 2021, Dental Monitoring, a developer of a remote dental monitoring platform, received $150 million of development capital from Vitruvian Partners and Mérieux Equity Partners. The funds will be used to strengthen its teams and continue its international expansion, in particular with a recruitment plan for 400 additional people.

In March 2021, Vestiaire Collective, a developer of a global resale marketplace platform, raised €254.4 million of venture funding in a deal led by Kering and Tiger Global Management. Condé Nast, SoftBank Group, Vitruvian Partners, Eurazeo, Idinvest Partners, Luxury Tech Fund and other investors also participated in the round. The company intends to use the fund to accelerate its growth in the second-hand market and drive change for a more sustainable fashion industry.

In July 2020, Friends Provident International was acquired by RL360 Insurance Company, via its financial sponsor Vitruvian Partners, through a £323.17 million LBO. Payment will comprise £209 million in cash receivables and £50 million in deferred cash consideration. Friends Provident International provides financial security services intended to help their customers achieve their financial goals.

In April 2020, Azul Systems, a developer of Java runtime products, was acquired by Vitruvian Partners and Lead Edge Capital through a $340 million LBO. The company also received debt financing in the form of senior debt of an undisclosed amount from Golub Capital and $9.5 million from Golub Capital BDC as a part of the transaction.