Vitruvian Partners

Vitruvian Partners

Company type	Private
Industry	Private Equity
Founded	2006; 19 years ago (2006)
Founders	Founding Partners: Ian Riley (Advisory Partner), Michael Risman, Toby Wyles (Retired) Mark Harford (Retired), David Nahama.
Headquarters	London, United Kingdom / Munich, Germany / Stockholm, Sweden / Luxembourg, Luxembourg / Madrid, Spain / Miami, United States / Mumbai, India / Shanghai, China / Singapore, Singapore / San Francisco, United States
Key people	Joined founding team: Stephen Byrne, Ben Johnson, Jussi Wuoristo
Products	Leveraged buyouts and growth capital
Total assets	VIP I: €925 million, VIP II: £1 billion, VIP III: €2.4 billion, VIP IV: €4 billion, VIP V: €7.3 billion.
Number of employees	>100
Website	www.vitruvianpartners.com

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").[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] In July 2020 Vitruvian announced the closing of Vitruvian Investment Partnership IV (“VIP IV”) at the hard cap of €4.0 billion.[4] 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.[1]

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
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
Verastar[13] (pka Unicom[14])	VIP I	Apr-11		United Kingdom	Reseller of business services to the UK micro SME market
Group IMD[15] (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[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 clinical and pharmaceutical services to patients in homes
Just Eat[18]	VIP I	Apr-12	IPO Mar-14[19]	United Kingdom / Denmark	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
Inenco Group[22]	VIP I	Sep-13		United Kingdom	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	ambulatory outpatient intensive care services in the eastern part of Germany
Farfetch[25]	VIP II	Apr-14		United Kingdom	Online market place for fashion boutiques
JacTravel[26]	VIP II	Jul-14	Sep-17	United Kingdom	B2B hotel room marketplace
Solvinity[27] (pka ASP4all Bitbrains)	VIP II	Jul-14		Netherlands	managed hosting and cloud services
CRF Health[28]	VIP II	Jan-15		Finland / United States of America	Leading^[citation needed] provider of electronic Clinical Outcomes Assessment (“eCOA”) 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 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	provider of transport management software to shippers and carriers
SnapLogic[35]	VIP II	Dec-16		United States	Self service integration software
Phlexglobal[36]	VIP II	Dec-16		United Kingdom	clinical trial master file
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 provider
EasyPark	VIP III	Dec-17		Norway	Parking marketplace
Sykes Cottages Ltd[39]	VIP III	Oct-19		United Kingdom	Vacation Rental Management Company

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. 5 December 2013. Retrieved 23 May 2016.
3. Espinoza, Javier (30 June 2017). "Vitruvian raises €2.4bn in latest sign of buoyant private-equity market". Financial Times.
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. Archived from the original on June 17, 2016. 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. Archived from the original on June 17, 2016. 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.com. 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.
39. "Vitruvian buys Sykes Holiday Cottages for £375m". Northern Financial Review. 29 Oct 2019.