Deepbridge Capital Investor’s Exit iPipeline in $1.6bn Deal

Enterprise Investment Scheme (EIS) provider, Deepbridge Capital, has announced the exit of its holding in iPipeline Holdings Inc., with iPipeline being acquired by Florida-based, Roper Technologies Inc, for $1.625 billion.

iPipeline is a provider of cloud-based software solutions to customers in the financial services and life insurance industry.

Deepbridge was the only EIS investor in Resonant Software Inc. which was subsequently acquired by iPipeline Holdings Inc. in January 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 commented:

“We first invested in Resonant Software in 2013 and brought this highly innovative software to the UK, from the USA, under the permanent establishment condition. 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, following our partial exit of Sky Medical, 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.”