Which PE firms have fingers in the biggest tech pies?
Growth is an essential part of any company’s success, but often this growth can be dependent on outside help. Private equity firms offer the perfect way for companies, especially in the technology sector, to improve and expand thanks to the investment they provide, so here is a selection of some of the world’s biggest investors…
Goldman Sachs Private Equity Group
Probably one of the most well-known private equity firms in the world, with six distinct capital venture funds, it’s no surprise that Goldman Sachs is deeply interested in technology. Its interests include music streaming site Spotify, which has seen around $550m in investment, and online storage service Dropbox, which it helped to an initial funding round of $250m.
Bain Capital Private Equity
One of the most notorious PE firms around, especially in the US, where its association with former presidential candidate Mitt Romney looms large, Bain Capital has invested in several technology firms over recent years. ERP software provider Viewpoint Construction Software, software company Sungard have both profited from its support in the past, but perhaps its most notable activity was with BMC Software, which was taken private by Bain and Golden Gate Capital for $6.9bn in May 2013.
Alongside investments in Compuware and restaurant review site Zagat, General Atlantic is also a major investor in Lenovo, which last year was named as the world’s leading PC manufacturer. The firm first got involved with the Chinese company in 2005, when it contributed $100m towards a $350m strategic investment for its acquisition of IBM’s PC business, one of the deals that made it the powerhouse it is today.