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New Deal


Announced

Completed

D1 Capital Partners led a $208m Series B round in DriveNets.

Financials

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Transaction Value£151m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

Software

Acquisition

Single Bidder

Completed

Minority

Israel

networking software

Venture Capital

Private Equity

Friendly

Synopsis

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D1 Capital Partners led a $208m Series B round in DriveNets, the networking software company, with participation from Bessemer Venture Partners, Pitango and Atreides Management. "We expect that DriveNets will continue rolling out transformative solutions and establish itself as a preeminent Infrastructure-as-a-Service vendor. We are excited by DriveNets' potential to dramatically change the architecture of this industry," Dan Sundheim, D1 Capital Partners Founder.

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