Portfolio Companies

Piper Jaffray Merchant Banking

 

Status: All | Current | Exited

Industry: All | Business Services | Cleantech & Renewables | Consumer | Financial Technology | Healthcare | Technology

Sequence Group Status Company Industry Description Status
10 Legacy Portfolio (2008 - 2012) Exited
Tornier
Healthcare
Tornier N.V. develops orthopedic medical devices designed to restore function and return patients to an active and healthy lifestyle. The company’s product portfolio includes shoulder arthroplasty prostheses, total ankle prostheses and foot and hand products for reconstructive foot surgery and wrist fracture repair.

IPO
2011

20 Legacy Portfolio (2008 - 2012) Exited
Salient
Healthcare
Salient Surgical Technologies develops and markets surgical products based on its proprietary Transcollation technology for the sealing of blood vessels and other collagen-based structures.


Acquired by



2011

30 Legacy Portfolio (2008 - 2012) Exited
IDEV
Healthcare
IDEV Technologies develops proprietary technology for treating blocked peripheral blood vessels using a patent protected stent and delivery system. IDEV’s stent, through its interwoven design, offers superior flexibility, radial strength, kink and crush resistance.

Acquired by



2013

40 Legacy Portfolio (2008 - 2012) Exited
Healthcare
BioHorizons is a medical technology company focused on developing, manufacturing and marketing a broad line of innovative and evidence-based dental implants and biologics products for the replacement of missing teeth. The company’s implant products feature its proprietary Laser-Lok technology, which minimizes bone and soft tissue loss, frequent complications associated with conventional dental implant procedures.

Majority Interest Acquired by



2013

50 Legacy Portfolio (2008 - 2012) Exited
Healthcare
Vidacare Corporation is a medical device company which produces a patented product (EZ-IO) that allows clinicians to access the interior of bones (the intraosseous space) to provide vascular access during patient trauma and for biopsy, aspiration, drug delivery and spinal access.

Acquired by



2013

60 Legacy Portfolio (2008 - 2012) Exited
Cleantech & Renewables
Aspen Aerogels utilizes nanotechnology to develop, manufacture and market aerogel blanket products for thermal management and energy conservation. The company serves various markets including oil & gas, building & construction and LNG shipping.

IPO
2014

70 Legacy Portfolio (2008 - 2012) Exited
Cleantech & Renewables
Ecore International is one of the largest manufacturers of recycled rubber products in North America. The company offers products for commercial flooring, performance flooring, playground safety surfacing, land securement, synthetic turf systems and impact sound underlayments.

Position Redeemed 2015
80 Legacy Portfolio (2008 - 2012) Exited
Healthcare
TEI Biosciences and TEI Medical are leading biomedical companies applying expertise in regenerative medicine to develop and commercialize novel biologic products for a broad spectrum of soft tissue repair, regeneration and reinforcement applications–from plastic and reconstructive surgery to dura, tendon and hernia repair and wound management.

Acquired by



2015
90 Legacy Portfolio (2008 - 2012) Current
Healthcare
PerfectServe is a Software-as-a-Service company specializing in hospital and medical practice efficiency software. The company has created and markets a rules engine that efficiently manages calls and messages to and from physicians and physician groups, increasing productivity and minimizing the risks associated with lagged or failed communications.

Portfolio Company
100 Legacy Portfolio (2008 - 2012) Exited
Consumer
Living Proof is a technology-driven beauty company which participates in the hair care market selling various types of shampoo, hair cream, aerosols and mousses. Living Proof utilizes patented technology developed by the Langer Labs at MIT.

Acquired by



2017

110 Legacy Portfolio (2008 - 2012) Current
Consumer
StriVectin is an independent skin care brand focused on developing and marketing prestige products within the anti-aging segment and products providing treatment and prevention of skin damage through a patented technology. StriVectin is distributed through high-end and specialty retailers, as well as through Costco and direct marketing efforts. The company’s Niadyne products are sold at leading dermatologist offices and select medical spas.

Portfolio Company
120 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Cleantech & Renewables
Harvest Power is an end-to-end manager of organic waste material in North America. Harvest develops, builds, owns and operates facilities that process organic waste to produce soil enhancement products. Harvest generates revenues primarily from tipping fees and from consumer and bulk market product sales.

Portfolio Company
130 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Exited
Healthcare
Torax Medical develops and markets devices to restore human sphincter function. Its technology platform, Magnetic Sphincter Augmentation, uses attraction forces to augment weak or defective sphincter muscles to treat gastroesophageal reflux disease and fecal incontinence.

Acquired by



2017
140 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Business Services
MicroStar Logistics is the leading provider of comprehensive keg management services to the U.S. craft beer industry. MicroStar owns the largest independent keg fleet in the U.S., managing a pool of over 2 million kegs and providing the corresponding keg logistics needs for over 200 craft brewers. MicroStar’s unique program offers customers a compelling value proposition by enabling them to avoid the investment needed to acquire and maintain an internal keg fleet and the burden of managing the reverse logistics of empty kegs, while benefiting from the efficiency of a shared asset model.

Portfolio Company
150 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Healthcare
Vitals addresses the enterprise and consumer markets with a full suite of data-driven, online decision support solutions that enable healthcare consumers to search for healthcare providers, understand the cost of healthcare services and engage with an increasingly complex healthcare system. Vitals’ enterprise suite includes a complete cost transparency platform and SmartShopper, which incentivizes patients to choose high-quality, lower-cost providers. The company’s consumer business monetizes its deep data set and web traffic through targeted advertising opportunities sold to pharmaceutical companies and other healthcare market vendors.

Portfolio Company
160 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Exited
Technology
Sport Ngin provides web and mobile-based software solutions for youth and amateur sports organizations. The company helps sports organizations manage, connect, communicate and transact with a range of stakeholders, including athletes, parents, administrators, coaches, referees, scouts, volunteers, fans and sponsors. The company also offers league, tournament and member management products including payment processing, organization data collection and team / athlete specific applications.

Majority Interest Acquired by



2016
170 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Technology
LogRhythm is a leading provider of unified security intelligence and analytics solutions, empowering organizations to automate the detection, prioritization and neutralization of cyber-threats that have penetrated the enterprise perimeter or originated from within. The company’s software platform, which sits at the intersection of advanced cyber-security and Big Data analytics, is designed to significantly reduce the time required to detect and respond to threats.

Portfolio Company
180 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Technology
Lattice Engines is the leader in predictive marketing and sales solutions, offering Software-as-a-Service business applications that help companies market and sell more intelligently. Lattice’s cloud-based predictive marketing applications help businesses improve conversion rates at multiple stages of the customer acquisition funnel. In addition, the company offers solutions which assist its clients in engaging existing customers with the goal of renewing customer contracts, upselling and cross-selling.

Portfolio Company
190 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Business Services
GutCheck is a leader in agile market research, providing qualitative and quantitative market research services for leading consumer marketing businesses. The company’s agile market research solution enables its clients to efficiently explore market sentiment towards new products and advertising concepts, and to better understand shopper behavior in-store. GutCheck’s agile market research process is highly efficient and iterative, enabling researchers to rapidly recruit high-quality panelists online, conduct qualitative and quantitative research and report on such research to its customers. GutCheck is able to supply consumer market research in a fraction of the time and expense compared to traditional research services.

Portfolio Company
200 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Financial Technology
StoneEagle Services provides a virtual card payment platform that streamlines claims payments for payers and service providers across verticals such as healthcare and auto insurance. The company’s main product is the virtual card, an electronic card number that is transmitted to service providers to pay for medical and other claims-related services. The virtual card displaces less technologically-focused payment methods such as automatic clearing house and checks. Virtual cards provide multiple benefits for both payers and providers and constitute one of the fastest growing segments of the payments business.

Portfolio Company
210 Piper Jaffray Merchant Banking Fund I, L.P. (2012 - 2016) Current
Healthcare
OrthoAccel Technologies, a medical device company, has developed and markets a device which accelerates orthodontic treatments using mechanical pulsation. The company has found that coupling the static forces applied by braces or clear aligner orthodontic treatments with auxiliary pulsating forces accelerates the rate of tooth movement by as much as 50%, as documented in clinical trials and published research. Patients have also experienced reduced discomfort when using the company’s AcceleDent product. Practitioners have found AcceleDent can provide more predictable clinical outcomes and improve practice economics by reducing patient visits and treatment time.

Portfolio Company
220 Current
Xenex
Healthcare
Xenex Disinfection Services is a leader in the disinfection technology market, developing, manufacturing and marketing a pulsed xenon disinfection robot, the Xenex LightStrike. The company’s disinfection robot uses xenon flash lamps to produce high intensity ultraviolet light across the ultraviolet-C spectrum. Xenex LightStrike robots are designed to complement existing infection control protocols to reduce the level of pathogens often associated with an increased risk for healthcare-associated infections. In addition to infection rate reductions, users of the Xenex robots have found that LightStrike improves hospital economics by reducing readmission rates, lowering the cost of care and reducing reimbursement penalties.

Portfolio Company