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Transactions / Varicent

Varicent Secures Strategic Investment from Warburg Pincus, Great Hill Partners and Spectrum Equity

Exit to a strategic buyerannouncedannouncement date unknownFact
What happened
Target
Varicent
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
technology / saas
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
9 named
Buy side
  • Warburg Pincus LLCStrategic acquirerconfirmed
    Varicent Secures Strategic Investment from Warburg Pincus, Great Hill Partners and Spectrum Equity
  • Christopher Thomas MitchellDeal partnerconfirmed
    “Varicent’s success is a result of management’s relentless focus on helping customers meet their sales objectives,” said Chris Mitchell, Managing Director at Spectrum Equity.
Sell side
  • Spectrum EquitySellerconfirmed
    Toronto, Canada - Varicent, the industry leader in sales performance management (SPM) software, today announced a strategic investment led by Warburg Pincus, a leading global growth investor, alongside existing investors Great Hill Partners and Spectrum Equity, with participation from company manage
Advisory side
  • Harris WilliamsBuy-side adviserconfirmed
    Harris Williams is serving as financial advisor, Kirkland & Ellis is serving as M&A counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as financing counsel to Warburg Pincus.
  • Moelis & Company LLCFinancial adviserconfirmed
    William Blair and Guggenheim Securities, LLC are serving as exclusive financial advisors to Varicent, Great Hill Partners and Spectrum Equity; Moelis & Company LLC is serving as advisor to Varicent’s Board of Directors.
  • Kirkland & Ellis LLPLegal adviserconfirmed
    Harris Williams is serving as financial advisor, Kirkland & Ellis is serving as M&A counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as financing counsel to Warburg Pincus.
  • Hall & Stewart LLPLegal adviserconfirmed
    Choate, Hall & Stewart LLP is serving as legal counsel to Spectrum Equity.
Side not stated
  • Marc AltshullerManagementconfirmed
    “This strategic investment marks a pivotal moment for Varicent,” said Marc Altshuller, CEO of Varicent.
  • VaricentTargetconfirmed
    Varicent Secures Strategic Investment from Warburg Pincus, Great Hill Partners and Spectrum Equity
Evidence
Varicent Secures Strategic Investment from Warburg Pincus, Great Hill Partners and Spectrum Equity
Varicent Secures Strategic Investment from Warburg Pincus, Great Hill Partners and Spectru | Private Equity Intelligence | DFX