Summit Partners
Summit Partners is a growth equity investment firm focusing on a wide array of transactions from leveraged buyouts and recapitalizations to growth capital, venture capital investments, and mezzanine capital.
Summit is based in Boston, Massachusetts and was founded in 1984. Summit also has offices in Palo Alto, California and London, England and has more than 85 investment professionals and more than 160 employees overall.
The firm has approximately $11 billion of capital under management and has raised 14 private equity funds since its founding. The firm has been ranked among the 50 largest private equity firms globally.
Investments
In 1984, Summit made its first investment into VM Software, a developer of system software products for the IBM VM mainframe operating system market. Since that time, Summit has invested in over 300 companies globally. Summit's portfolio includes a broad range of companies headquartered in North America, Europe and Asia.
Some of Summit's most notable investments include:
History
Summit Partners was founded in 1984 by Stephen Woodsum and E. Roe Stamps, who had worked together at TA Associates and before that at First Chicago Investment Corporation (the predecessor of Madison Dearborn Partners). Woodsum and Stamps were joined shortly thereafter by Greg Avis, who would open the firm's Palo Alto office in 1993. In 2001, Summit Partners completed its management succession led by Bruce Evans, Walter Kortschak, Marty Mannion, Tom Roberts, and Joe Trustey.
Since its founding in 1984, Summit partners has raised 14 private equity funds:
- 1984 — Summit Ventures ($160 million)
- 1988 — Summit Ventures II ($230 million)
- 1992 — Summit Ventures III ($280 million)
- 1994 — Summit Subordinated Debt Fund ($140 million)
- 1995 — Summit Ventures IV ($610 million)
- 1997 — Summit Subordinated Debt Fund II ($335 million)
- 1998 — Summit Ventures V ($1.12 billion)
- 1999 — Summit Accelerator Fund ($170 million)
- 2001 — Summit Ventures VI ($2.08 billion)
- 2004 — Summit Subordinated Debt Fund III ($465 million)[18]
- 2005 — Summit Partners Private Equity Fund VII ($3.10 billion)[19]
- 2005 — Summit Partners Venture Capital Fund II ($310 million)[19]
- 2008 — Summit Partners Europe Private Equity Fund (€1.05 billion)[20]
- 2008 — Summit Partners Subordinated Debt Fund IV ($840 million)[20]
References
- ^ source:Answers.com
- ^ Source:Summit Partners Pumps $100 Million Into Antivirus Software Maker AVAST Software. TechCrunch, August 23, 2010
- ^ Source:Summit Partners Invests $15 Million in Hittite Microwave Corp. AllBusiness, December 5, 2000
- ^ Source:E-TEK Profile.
- ^ Source:McAfee Case Study.
- ^ Source:Summit Partners in $273m Technology Exit. Dow Jones Financial News Online, June 9, 2004
- ^ Source:FleetCor Closes New $100 Million Series E Equity Financing. Reuters Online, April 8, 2009
- ^ Source:optionsXpress Receives Investment of Approximately $90 Million from Summit Partners. optionsXpress News Release, January 20, 2004
- ^ Source:Summit Partners Portfolio.
- ^ Source:Web Reservations International Receives Investment from Summit Partners. AllBusiness, April 14, 2004
- ^ Source:SMDVIP Receives Investment from Summit Partners. AllBusiness, January 5, 2005
- ^ Source:Physicians Formula Attracts Equity Investment From Summit Partners. Focal Point News, November 2003
- ^ Source:Lincare Case Study.
- ^ Source:Pediatrix Case Study.
- ^ Source:Snap Fitness Announces Minority Equity Investment by Summit Partners. Market Wire, June, 2008
- ^ Source:Vente-Privee luxury goods website sees cut-price sales soar in downturn. Telegraph UK, July 26, 2009
- ^ Source:Tiny Prints Announces Strategic Investment From Summit Partners and Technology Crossover Ventures. Marketwire, April 23, 2008
- ^ US Summit Partners closes $465m debt fund. AltAssets March 18, 2004
- ^ a b US Summit Partners closes $3bn PE fund and $300m VC fund. AltAssets, June 2005
- ^ a b Boston private equity firm Summit Partners closes two funds. AltAssets, April 28, 2008
External links
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Private equity firms · Venture capital firms · Portfolio companies
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Private equity · Private equity firms · Venture capital firms · Portfolio companies
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