Vitruvian Partners

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

Vitruvian Partners
TypePrivate
IndustryPrivate Equity
Founded2006 (2006)
FoundersMichael Risman, Ian Riley, Mark Harford, David Nahama, Toby Wyles (retired)
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, VIP III: €2.4 billion, VIP IV: €4 billion
Number of employees
>100
Websitewww.vitruvianpartners.com

Vitruvian invests throughout the UK, Ireland, the Nordic region, Germany, Austria, Switzerland, France and the Benelux region. The firm has offices in London, Stockholm, Munich, 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] On 30 July 2020 Vitruvian announced the closing of Vitruvian Investment Partnership IV (“VIP IV”) at the hard cap of €4.0 billion.[4]

Investments
Company Fund Date Invested Date Sold Headquarters Description
Tinopolis[5] VIP I Jul-08 Oct-17[6] United Kingdom Independent TV production house
Callcredit[7] VIP I Dec-09 Feb-14[8] United Kingdom Provider of credit reference and marketing solutions
Inspired Gaming[9] VIP I Jul-10 Jul-16[10] United Kingdom Land-based gaming products to licensed betting shops, bingo operators and casinos
Openbet[11] VIP I Jan-11 Apr-16[12] United Kingdom Online gaming and betting solutions
Verastar[13] (pka Unicom[14]) VIP I Apr-11 United Kingdom Reseller of essential business services to the UK micro SME market
Group IMD[15] (pka Independent Media Distribution) VIP I May-11 Sep-16 United Kingdom Provider of Global TV & Radio advertising delivery & digital media logistics services
Benify (pka Flexpay) VIP I Jun-11 Sweden Europe’s largest employee engagement software-as-a-service platform
Instinctif Partners[16] (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[17] VIP I Feb-12 United Kingdom Provider of innovative clinical and pharmaceutical services to patients in the comfort of their own homes
Just Eat[18] VIP I Apr-12 IPO Mar-14[19] United Kingdom / Denmark World’s largest online takeaway ordering service. Floated on the London Stock Exchange in April 2014
Snow Software[20] VIP II Jul-12 Partial Realisation Apr-17[21] Sweden Software asset management solutions
Inenco Group[22] VIP I Sep-13 United Kingdom UK market leader in strategic energy management
RL360°[23] VIP I Nov-13 Isle of Man Specialist international life assurance provider
Linimed-Fazmed[24] VIP II Mar-14 Jul-18 Germany Market leader in the provision of ambulatory outpatient intensive care services in the eastern part of Germany
Farfetch[25] VIP II Apr-14 United Kingdom Online market place for high end fashion boutiques
JacTravel[26] VIP II Jul-14 Sep-17 United Kingdom Europe's third largest B2B hotel room marketplace
Solvinity[27] (pka ASP4all Bitbrains) VIP II Jul-14 Netherlands Leading provider of managed hosting and cloud services
CRF Health[28] VIP II Jan-15 Finland / United States of America Leading provider of electronic Clinical Outcomes Assessment (“eCOA”) solutions for clinical trials
Trustpilot[29] VIP II May-15 Denmark / United States Global, multi-language open review community
Voxbone[30] VIP II Aug-15 Belgium Cloud-based provider of international voice over internet protocol (VoIP) services
Ebury[31] VIP II Nov-15 United Kingdom Currency and lending solutions to European SMEs
Accountor[32] VIP II Dec-15 Finland Finance and accounting software and services to the SME market across the Nordics
Skyscanner[33] VIP II Dec-15 Dec-16 United Kingdom Global travel metasearch engine
Unifaun[34] VIP II Feb-16 Sweden Leading provider of transport management software solutions to shippers and carriers
SnapLogic[35] VIP II Dec-16 United States Self service integration software
Phlexglobal[36] VIP II Dec-16 United Kingdom Leading global provider of clinical trial master file solutions
Vestiaire Collective[37] VIP II Jan-17 France Leading European online marketplace for pre-owned luxury fashion items
OAG[38] VIP II Feb-17 United Kingdom Aviation information and intelligence provider
EasyPark VIP III Dec-17 Norway Parking marketplace

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. Retrieved 23 May 2016.
  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. 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.
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