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New Deal


Announced

Completed

Maverick led a $75m Series B round in Coherent.

Financials

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Transaction Value£59m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Cross Border

Venture Capital

Friendly

Software

Private Equity

Private

saas

United States

software

Acquisition

Single Bidder

Minority

information technology

Synopsis

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Maverick led a $75m Series B round in Coherent, with participation from Owl Rock, GreatPoint Ventures, Cathay Innovation and Franklin Templeton. “Today’s collaborative business world demands a fresh approach for IT teams to build software in a quick and cost-effective way. Coherent Spark is on track to become the standard for managing business logic and operations ubiquitous in spreadsheets everywhere. We are excited to support Coherent’s talented team during this phase of hypergrowth,” Andrew Homan, Maverick Capital Senior Managing Director.

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