Kennet Partners

Kennet Partners is a private equity investment firm that provides growth capital to software, Internet and technology-enabled business services companies in Europe and the US.

Kennet Partners is headquartered in London, England, and has an office in San Francisco, California. The firm raised its fourth fund in 2014, bringing total capital under management to $700 million.

Founding / history Kennet was founded in 1997 as Kennet Capital, a joint venture between technology investment bank Broadview International and asset management firm Electra Partners. In 2000, Kennet became a wholly owned subsidiary of Broadview. In 2003 the partners of Kennet completed a management buy-out and became independent.UK Kennet Venture Partners spins out from Broadview AltAssets, 31 March 2003

Kennet's first fund was primarily targeted at early-stage technology investments in Europe. With its second fund, Kennet began making growth equity investments in both Europe and the U.S., and this has remained the firm's exclusive strategy to this day.

Funds and investments Kennet has raised five funds: 1997 Kennet I LP (£48.3 million) 2000 Kennet II LP ($204 million) 2008 Kennet III LP (€201 million)Kennet Partners (Tornado Insider profile) 2014 Kennet IV LP (€105 million) 2020 Kennet V LP ($250 million)

Institutional investors in the Kennet funds include Access Capital Partners, Adveq, Alpha Associates, BNP Private Equity, Credit Suisse, European Investment Fund, LGT Capital Partners and Siemens.

Investments Since inception, Kennet has invested in 60 companies,Company website:portfolio of which Kennet's most notable exits include Altitun,Record Exit for Kennet eFinancial News, 22 May 2000. Paragon Software,3i and Kennet sell Paragon of Virtue European Venture Capital Journal, 1 March 2000.Phone.com acquires Paragon Software Mobile Info, 11 February 2000. No Wires Needed,Intersil to acquire No Wires Needed EE Times, 27 April 2000. Cramer Systems,Amdocs acquires Cramer Systems for $375 million Telephony Online, 18 July 2006 Chipidea,Kennet website: Chipidea case studyMIPS buys Chipidea Silicon Tap, 27 August 2007. Adviva Media,Specific Media's Adviva Buy Aimed at Behavioral Growth in UK ClickZ, 13 March 2008.Specific Media acquires UK-based Adviva Tech news blog - CNET New.com, 12 March 2008. NetPro, MedeAnalytics, GoViral, FRS Global, Prolexic Technologies, and Schoolwires.

Other investments include:

ABA English Adikteev AspectiveInterview with FD Mike Banwell, Aspective Limited TWST.com, 19 January 2004. BuyVIP Consul Risk Management Clearswift Conversica Daptiv (fka eProject)eProject becomes Daptiv VentureBeat, 12 November 2007. Impartner Intelepeer (fka VoEX) Kapow Technologies Kemp Monis Software Orchestream RealityMine Receipt Bank Recommind"Recommind raises $7.5M for eDiscovery 2.0", VentureBeat, 8 October 2008. Rivo Software Rimilia Sequans CommunicationsSequans extends mobile WiMAX chip series EETimes.com, 20 May 2008. Sermo Spreadshirt STS BVDutch Wireless Audio Startup Raises First Round alarm:clock euro, 13 August 2007. Telemedicine ClinicPrivate Company snapshot Business Week, September 2006 ThinkHR TradingPartners Ubizen Volantis Systems

Competitors Kennet's investment strategy is similar to that of other growth capital investment firms such as Summit Partners, TA Associates and Insight Venture Partners. In Europe, Kennet competes with firms such as Eight Roads Ventures, Highland Europe, Scottish Equity Partners and the growth equity arm of Index Ventures. Competitors in the U.S. include JMI Equity and Summit Partners' Accelerator Fund.

References

Kennet Partners

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