Canada’s Venture Capital & Private Equity Association announced today that Summerhill Venture Partners, Brightspark Ventures and BDC Venture Capital are the recipients of their 2011 ‘Deal of the Year Award’ for their joint investment in Radian6 Technologies.
The 2011 Award goes to the CVCA member with the most significant investment returns during the last twelve months ending June 30, 2011.
In April 2007 Summerhill led the initial $4.0 Million institutional round syndicate, which was followed by a secondary round of $5 Million in December 2008.
In May 2011 Salesforce.com acquired Radian6, and the institutional investors Summerhill, Brightspark and BDC received a combined $205 Million. The investment generated an internal rate of return (IRR) of 142% and a multiple of 22.8 times original investment.
Get the inside scoop on the story of the investment and acquisition at the Banff Venture Forum 2011 (BVF) in two weeks. Radian6 CFO Jeff White will be their keynote dinner speaker and his presentation is titled: Big Exits - The Radian6 Exit Story Behind This Year's $300+ Million Sale to Salesforce.com
The Banff Venture Forum 2011 is on October 6th and 7th at the Fairmont Banff Springs Hotel and you can register online.