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New Deal


Announced

Completed

SK and Potentum Partners led a $100m Series D funding round in Swift Navigation.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Minority

electronic equipment

Completed

Electrical Components

Cross Border

Venture Capital

Private Equity

Friendly

Private

navigational software

Acquisition

Synopsis

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SK, a company that is engaged in various industries including energy, chemicals, information technology and semiconductors, and Potentum Partners, a private equity investor, led a $100m Series D funding round in Swift Navigation, a developer of a global positioning system technology, with participation from New Enterprise Associates, Eclipse Ventures, EPIQ Capital, FM Capital, OVN Capital, TELUS Ventures, TWM Venture, Buckley Ventures and Schox Venture Capital. “We have an amazing group of investors behind us and are honored to see the many customers who are using Swift technology at such incredible scale as they build the future of transportation and automation. Thank you to our loyal partners and investors at NEA, Eclipse and EPIQ and we welcome the support of our new investors to help us deliver precise positioning across the world," Timothy Harris, Swift CEO.

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