July 27, 2017 3:43 AM ET

Capital Markets

Company Overview of Summit Partners LLP

Company Overview

Summit Partners is a private equity and venture capital firm specializing in later stage, mezzanine debt, growth capital, middle market, recapitalizations, possession financing, shareholder liquidity, management buyouts, bridge loans, acquisition financing, spin-off transactions, distressed situations/debtor-in-possession financing, and divestitures. It invests across all industry categories with a focus on education, technology enabled oilfield product and services, software, communications technology and services, semiconductors and electronics, gaming, leisure, Internet and information services, energy, media and entertainment, business services, financial technology and services, healthc...

222 Berkeley Street

18th Floor

Boston, MA 02116

United States

Founded in 1984

Phone:

617-824-1000

Fax:

617-824-1100

Key Executives for Summit Partners LLP

Managing Director and Chief Executive Officer
Age: 49
Cofounder, Managing Partner, and Senior Advisor
Age: 71
Cofounder and Senior Advisor
Age: 55
Cofounder and Senior Advisor
Managing Director, Chief Financial Officer, and Chief Compliance Officer
Compensation as of Fiscal Year 2017.

Summit Partners LLP Key Developments

DuPage Medical Nears To End Its Sales Process

DuPage Medical Group, Ltd. backed by Summit Partners LLP is nearing the end of its sponsor-focused sales process, four sources familiar with the matter told Buyouts. Ares Management, L.P. (NYSE:ARES) is said to be the frontrunner in the process.

Summit Reportedly To Sell ABILITY

Summit Partners LLP and other investors are considering a potential sale of ABILITY Network Inc., sources familiar with the matter anticipate would command a disproportionate level of interest and produce a $1 billion-plus transaction. Preliminary meetings for Ability were held throughout the week of the J.P. Morgan Healthcare Conference in San Francisco in January, however a formal sales process has not kicked off yet, according to one of the people familiar with the matter. Ability has already attracted significant interest from private equity, this person and two other sources indicated. Two of the sources estimated Ability generates $70 million-plus in Ebitda, while a third source estimated the asset would trade for north of $1 billion. J.P. Morgan Securities Inc. has the mandate to serve as sell-side adviser, according to the sources.

David Schiller Joins Summit Partners as Chief Investor Relations Officer

Summit Partners announced that David Schiller has joined the company as Chief Investor Relations Officer. Dave joins the Summit Partners team at the firms Boston headquarters, and is focused on building and maintaining relationships with the firms global limited partner investor base. Prior to Summit, Dave was a Managing Director at Renaissance Institutional Management, where he was responsible for business development and investor relations efforts for the company's hedge fund products.

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