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TURN/RIVER CAPITAL

HQ - San Francisco

Summary

Turn/River Capital is a private equity firm that applies a proprietary growth engineering strategy to investing, partnering with software businesses to accelerate growth and build enduring value.

Deals Overview

Total Deals12

Valued Deals5

Total Value£ 4.72 B

Avg. Deal Size£ 944 M

Market Context

Senior Management

Julie Pellegrini
CFO
Dominic Ang
Managing Partner
Joanne Yuan
Partner

Investment Criteria

Target Equity Check-

Fund CurrencyUSD

Total funds raisedn/a

Investment Strategies

Buyout

Growth

Recapitalisation

Spin-Offs

Geographic Preferences

Canada

Mexico

United States

Industry Preferences

Banks

Finance and Credit Services

Insurance

Software and Digital Services

Real Estate Investment and Services

Real Estate Investment Trusts

Technology

Sort

01 Apr 2019|United States|Software

Target: MAILGUN TECHNOLOGIES INC

Bidder: THOMA BRAVO LLC

9 Service Providers

4 Target | 4 Bidder | 1 Vendor

9 Dealmakers

6 Target | 2 Bidder | 1 Vendor

n/a

Value

23 Dec 2020|United Kingdom|Software

Target: HUDDLE

Bidder: IDEAGEN PLC

10 Service Providers

4 Target | 4 Bidder | 2 Vendor

31 Dealmakers

18 Target | 10 Bidder | 3 Vendor

£ 28 M

Value

29 Jan 2021|Canada|Software

Target: ACTIVESTATE SOFTWARE INC

Bidder: TURN/RIVER CAPITAL

4 Service Providers

2 Target | 2 Bidder

6 Dealmakers

2 Target | 4 Bidder

n/a

Value

26 Mar 2021|Netherlands|Software

Target: REDWOOD SOFTWARE INC

Bidder: TURN/RIVER CAPITAL

9 Service Providers

3 Target | 6 Bidder

88 Dealmakers

8 Target | 80 Bidder

£ 271 M

Value

20 Oct 2021|United States|Software

Target: INVICTI SECURITY

Bidder: TURN/RIVER CAPITAL

9 Service Providers

1 Target | 8 Bidder

7 Dealmakers

2 Target | 5 Bidder

£ 453 M

Value

06 Apr 2022|United States|IT Services: Other

Target: TUFIN

Bidder: TURN/RIVER CAPITAL

9 Service Providers

6 Target | 3 Bidder

42 Dealmakers

29 Target | 13 Bidder

£ 434 M

Value

02 Apr 2024|Netherlands|Software

Target: APRO SOFTWARE SOLUTIONS

Bidder: PAIRSOFT INC

4 Service Providers

2 Target | 2 Bidder

22 Dealmakers

4 Target | 18 Bidder

n/a

Value

01 Feb 2024|United States|Digital Services

Target: COSOSYS

Bidder: NETWRIX

4 Service Providers

2 Target | 1 Bidder | 1 Vendor

3 Dealmakers

1 Target | 1 Bidder | 1 Vendor

n/a

Value

10 Sep 2024|Netherlands|Software

Target: REDWOOD SOFTWARE INC

Bidder: WARBURG PINCUS LLC

13 Service Providers

4 Target | 7 Bidder | 2 Vendor

61 Dealmakers

5 Target | 54 Bidder | 2 Vendor

n/a

Value

07 Feb 2025|United States|Digital Services

Target: SOLARWINDS

Bidder: TURN/RIVER CAPITAL

15 Service Providers

7 Target | 7 Bidder | 1 Vendor

38 Dealmakers

15 Target | 23 Bidder

£ 3.53 B

Value

17 Dec 2025|United States|Software

Target: PAIRSOFT INC

Bidder: TA ASSOCIATES

7 Service Providers

2 Target | 3 Bidder | 2 Vendor

3 Dealmakers

1 Target | 1 Bidder | 1 Vendor

n/a

Value

13 Jan 2026|Israel|Software

Target: STARLIMS

Bidder: TURN/RIVER CAPITAL

10 Service Providers

3 Target | 3 Bidder | 4 Vendor

34 Dealmakers

1 Target | 31 Bidder | 2 Vendor

n/a

Value

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