Cin7 Growth Boosted by $500M Continuation Fund from Rubicon Technology Partners
Deal News | Nov 18, 2024 | CVC Capital Partners
Rubicon Technology Partners has successfully closed a $500 million single-asset continuation fund to further support Cin7, a leader in cloud-based inventory management software. CVC Secondary Partners led this transaction, alongside institutional investors such as Ares Management and BlackRock. This fund enables Rubicon to offer liquidity to its investors, while equipping Cin7 with the resources needed for growth through organic development and strategic acquisitions. Cin7 currently aids over 8,500 companies worldwide in optimizing their supply chain operations. The fund signals a sustained commitment from Rubicon to Cin7's mission of providing efficient inventory management solutions, a relationship that has already facilitated significant growth and strategic guidance over five years. Both Rubicon and Cin7's CEO express enthusiasm for the renewed partnership and its potential to enhance product innovation and increase industry presence.
Sectors
- Private Equity
- Software
- Supply Chain Management
Geography
- United States – Rubicon Technology Partners is based in Boulder, CO, making the U.S. a central element in the transaction.
Industry
- Private Equity – This represents the activities of Rubicon Technology Partners and CVC Secondary Partners in structuring and funding the continuation fund.
- Software – The focus of the investment is on Cin7, a leading software company providing inventory management solutions.
- Supply Chain Management – Cin7 offers solutions that streamline supply chain operations across various distribution channels.
Financials
- $500 million – The amount raised by Rubicon Technology Partners in the single-asset continuation fund for Cin7.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rubicon Technology Partners | Private Equity Firm / Seller | Company | A private equity firm focused on software investments, facilitating the $500M continuation fund for Cin7. |
| Cin7 | Target Company | Company | A global leader in cloud-based inventory management software. |
| CVC Secondary Partners | Lead Investor | Company | CVC Capital Partners' investment team leading the secondary investment in the fund. |
| Ares Management | Institutional Investor | Company | One of the institutional investors participating in the fund. |
| BlackRock | Institutional Investor | Company | An asset management firm involved as an investor in the continuation fund. |
| Goldman Sachs Asset Management | Institutional Investor | Company | An investment management firm participating in the fund. |
| Schroders Capital | Institutional Investor | Company | Part of the group of institutional investors in the fund. |
| Jason Winsten | Partner | Person | Partner at Rubicon Technology Partners commenting on the firm's commitment to Cin7. |
| Ajoy Krishnamoorthy | CEO | Person | CEO of Cin7 expressing enthusiasm for the continued partnership with Rubicon. |