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Summit Partners
Type Private Ownership
Founded 1984
Founder(s) E. Roe Stamps, Stephen Woodsum, Gregory Avis
Headquarters [United States Boston, Massachusetts
Industry Private Equity
Products Leveraged buyouts, Recapitalizations, Growth capital, Venture capital, Mezzanine capital
Total assets $11 billion
Website www.summitpartners.com

Summit Partners is a private 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.

Contents

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.

History of private equity
and venture capital
Objectivist.jpg

Early History
(Origins of modern private equity)

The 1980s
(LBO boom)

The 1990s
(LBO bust and the VC bubble)

The 2000s
(Dot-com bubble to the Credit crunch)

  

Since its founding in 1984, Summit partners has raised 14 private equity funds:[15]

  1. 1984 — Summit Ventures ($160 million)
  2. 1988 — Summit Ventures II ($230 million)
  3. 1992 — Summit Ventures III ($280 million)
  4. 1994 — Summit Subordinated Debt Fund ($140 million)
  5. 1995 — Summit Ventures IV ($610 million)
  6. 1997 — Summit Subordinated Debt Fund II ($335 million)
  7. 1998 — Summit Ventures V ($1.12 billion)
  8. 1999 — Summit Accelerator Fund ($170 million)
  9. 2001 — Summit Ventures VI ($2.08 billion)
  10. 2004 — Summit Subordinated Debt Fund III ($465 million)[16]
  11. 2005 — Summit Partners Private Equity Fund VII ($3.10 billion)[17]
  12. 2005 — Summit Partners Venture Capital Fund II ($310 million)[17]
  13. 2008 — Summit Partners Europe Private Equity Fund (€1.05 billion)[18]
  14. 2008 — Summit Partners Subordinated Debt Fund IV ($840 million)[18]

References

  1. ^ Source:Summit Partners Invests $15 Million in Hittite Microwave Corp. AllBusiness, December 5, 2000
  2. ^ Source:Summit Partners Invests $15 Million in Hittite Microwave Corp. AllBusiness, December 5, 2000
  3. ^ Source:Summit Partners Invests $15 Million in Hittite Microwave Corp. AllBusiness, December 5, 2000
  4. ^ Source:Summit Partners in $273m Technology Exit. Dow Jones Financial News Online, June 9, 2004
  5. ^ Source:FleetCor Closes New $100 Million Series E Equity Financing. Reuters Online, April 8, 2009
  6. ^ Source:optionsXpress Receives Investment of Approximately $90 Million from Summit Partners. optionsXpress News Release, January 20, 2004
  7. ^ Source:Summit Partners Portfolio.
  8. ^ Source:Web Reservations International Receives Investment from Summit Partners. AllBusiness, April 14, 2004
  9. ^ Source:Summit Partners takes $25M stake in radiology firm. Boston Business Journal, April 7, 2004
  10. ^ Source:Physicians Formula Attracts Equity Investment From Summit Partners. Focal Point News, November 2003
  11. ^ Source:Physicians Formula Attracts Equity Investment From Summit Partners. Focal Point News, November 2003
  12. ^ Source:Physicians Formula Attracts Equity Investment From Summit Partners. Focal Point News, November 2003
  13. ^ Source: Summit Partners Invests in Welltec. Marketwire, July 30, 2007
  14. ^ Source:Vente-Privee luxury goods website sees cut-price sales soar in downturn. Telegraph UK, July 26, 2009
  15. ^ Source: Company Website
  16. ^ US Summit Partners closes $465m debt fund. AltAssets Mar 18, 2004
  17. ^ a b US Summit Partners closes $3bn PE fund and $300m VC fund. AltAssets, Jun 2005
  18. ^ a b Boston private equity firm Summit Partners closes two funds. AltAssets, Apr 28, 2008

External links

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