LONDON, 21 April 2016 – Silicon Valley Bank (SVB), the bank of the world's most innovative businesses and their investors, today announced that it has supported The Riverside Company in its investment in Guestline, a leading provider of mission critical software for the hospitality sector.
Emma Stephens, Director of Corporate Banking at SVB's UK Branch, said: "Silicon Valley Bank has been supporting technology companies for over 30 years by leveraging our experience and extensive relationships in the technology industry to provide debt and banking solutions globally for our private equity clients such as The Riverside Company. We are excited to have supported The Riverside Company with this and look forward to working with the management team at Guestline."
Martin Scott, Partner of The Riverside Company, added: "With a strong product set, an impressive customer base, and an experienced and committed management team, Guestline is a platform for growth and a highly attractive investment for The Riverside Company. We are delighted to be partnering with Silicon Valley Bank, working closely with Guestline to further build value in the business."
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative businesses and their investors move bold ideas forward, fast. SVB provides a range of targeted financial services and expertise through its office in the UK. With commercial and international banking services, SVB helps address the unique needs of innovators. The UK's leading technology and life science businesses, in all stages of development, look to SVB's niche expertise, experience and unparalleled network, as they grow at home and tackle new markets abroad. Learn more at svb.com/uk.
Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
Guestline, based in Shrewsbury, UK, serves a broad customer base of independent hotels, hotel chains, pub companies and serviced apartments; delivering proprietary hospitality software solutions via the cloud. Guestline is a trusted partner for properties in 20 countries across four continents. Guestline's range of products cover all areas of hospitality and hotel management, including property management software, channel distribution, digital marketing, payment card industry compliance and electronic point-of-sale systems. guestline.com
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 420 transactions. The firm's international portfolio includes more than 80 companies. riversidecompany.com