Summit Partners

One of the world’s largest private equity firms, Summit Partners’ $16bn fund backs high potential companies in tech, healthcare and growth products

Fund name: Summit Partners
Investor Category: Venture capital and private equity
Based in: London, plus Boston and Silicon Valley, US
Website: www.summitpartners.com

Description:

Founded in 1984 by Stephen Woodsum and E. Roes Stamps, Summit is among the world’s 50 largest private equity firms, a team of 85 investment professionals, led by 24 managing directors, and based in London, Europe and the US.

Investment criteria:

Summit has a range of funds to cater to different companies, with a target investment range from $5m to $500m. Its main areas of investment are technology, healthcare and life sciences and growth products and services, with portfolio companies in North and South America, Europe, Asia, Australia and Africa. The company offers growth equity, venture capital, recapitalisations and management buy-outs to help ‘exceptional’ entrepreneurs grow their businesses with strategic guidance and global resources.

Size of fund:

$16bn

Portfolio company:

Masternaut is a Leeds-based application suite that helps businesses achieve greater operational efficiency through lower vehicle fuel consumption, asset tracking and can increase workforce productivity by tracking vehicles. Summit acquired Masternaut in a joint venture with FleetCor in June 2014. The company processes 50 million data transactions daily with offices and partners throughout Europe, North America, South America and Asia.

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