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Announced

Completed

Alkeon Capital led a $250m Series D funding round in Tekion.

Financials

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Transaction Value£184m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Completed

Private Equity

Minority

Friendly

Cross Border

Software

cloud technology

software-as-a-service

United States

Private

Acquisition

Synopsis

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Alkeon Capital, a privately owned registered investment adviser, led a $250m Series D funding round in Tekion, a developer of a cloud-built platform intended to connect digital experiences to automotive retail. Additional investors include Durable Capital, Hyundai Motor, Advent International, Index Ventures and FM Capital. "We’re impressed by Tekion’s talented team of innovators who have transformed the automotive retail market with a game-changing platform dedicated to delivering the best dealer and retail experiences. Tekion is disrupting the industry with its cutting-edge cloud-based platform, and we believe in the company’s capacity for value creation and exponential long-term growth through scalability,” Henry Ellenbogen, Durable Chief Investment Officer.

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