Innovion Exit

Gilt Group

Acquired by Hudson's Bay Company - February 2016

We made our initial investment in Gilt Group, an online flash sales company, in March 2012. On January 7, 2016, Hudson's Bay Company announced that it had entered into a definitive agreement to purchase Gilt Groupe Holdings, Inc. for $250 million in cash; the deal's close was announced on February 1, 2016.

Exit History

  • Year founded: 2007
  • SVVC initial investment: 2012
  • Acquisition date: 2/1/16
  • SVVC exit: February 2016
  • Realized loss: $4.2 million
  • Return on investment: -93%