Alpine Investors has completed a continuation vehicle transaction involving Ingenio, LLC
San Francisco, California-based Alpine is a people-driven private equity firm that is committed to building enduring companies by working with, learning from and developing exceptional people. Alpine specializes in investments in software and services companies. For more information, please visit www.alpineinvestors.com.
Born in the heart of Silicon Valley, California, Ingenio is an online marketplace for knowledge exchange. Its diverse brand portfolio is powered by an innovative communication and e-commerce platform with community-based tools and proprietary web, voice and mobile technologies to help nurture valuable relationships between people for the exchange of information. Ingenio’s marketplace brands include Keen, PsychicCenter, LiveAdvice, Purple Garden, Purple Ocean and Bitwine. Its media and lifestyle brands include Horoscope.com which owns and operates Astrology.com, Horoscope.com, SunSigns.com and Spanish-language Horoscopo.com. Since 1999, Ingenio’s technology has enabled over 45 million conversations between customers and independent advisors from around the globe, positioning Ingenio as the leader in phone- and web-based advice and information services. For more information, please visit www.ingenio.com.
This continuation transaction, led by a collection of new and existing investors, will allow for Alpine’s continued investment in Ingenio and will fuel its next phase of growth behind the $232 million of additional equity capital to fund future growth initiatives that was raised as part of the $462.4 million transaction.
Lincoln provided a fairness opinion to Alpine, working closely with its team and the management of Ingenio throughout the opinion process. Alpine recently closed its first single asset secondary market transaction with TEAM Services Group in January 2021, for which Lincoln also provided a fairness opinion.
Integrating the Lincoln team into the transaction process was seamless, and the team brought an informed perspective to the table that was valuable to Alpine and our stakeholders.
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Chris Gregory
Managing Director & Co-head of Transaction Opinions
New York
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