Deepbridge Capital investors exit iPipeline in $1.6bn deal
Deepbridge Capital, the tax-efficient investment manager and Enterprise Investment Scheme (EIS) provider, has today (3rd October 2019) announced the exit of its holding in iPipeline Holdings Inc., with iPipeline being acquired by Florida tech-holding firm, Roper Technologies, for $1.63 billion.
iPipeline is a provider of cloud-based software solutions to customers in the financial services and life industry.
Deepbridge was the initial EIS investor in Resonant Software Inc. which subsequently merged with iPipeline Holdings Inc. in 2017.
Deepbridge’s investors in Resonant Software Inc., and subsequently iPipeline Holdings Inc., will receive a return on investment of up to 3x.
Ian Warwick, Managing Partner at Deepbridge Capital, commented:
“We first invested in Resonant Software in 2013 and brought this highly innovative software to the UK, from the USA, under permanent establishment rules. Due to our hands-on management style, we were able to ensure Resonant’s subsequent merger with iPipeline in 2017 was completed in a manner that was best suited to the interests of our investors. We are delighted to complete another exit and provide a positive return to our investors. The successes of our investee companies reinforce our commitment to identifying, managing and supporting the best technology and life sciences innovations.”