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New Deal


Announced

Completed

Sixth Street and Goldman Sachs Asset Management led a $110m Series D round in Heap.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

digital platform

Single Bidder

United States

Private Equity

Minority

Venture Capital

Online and Social Platforms

Acquisition

Cross Border

Friendly

Private

Synopsis

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Sixth Street, an investment firm, and Goldman Sachs Asset Management, an investment manager, led a $110m Series D round in Heap, a digital insights platform. Additional investors included NewView Capital, Menlo Ventures, DTCP, Triangle Peak Partners, Alliance Bernstein Private, Maverick Ventures, and The Private Shares Fund. “Heap’s data-driven culture, strong technology leadership, and scalable architecture has made it a leader within the fast-growing digital insights sector. Their strategy for continuing to create innovative technology will put more advanced and easy-to-use digital insights into the hands of daily practitioners so they can quickly improve their products and accelerate their business. We look forward to supporting Ken and his team in their next phase of growth," Michael McGinn, Sixth Street Partner and Co-Head.

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