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As we near the end of 2010, we at Montlake Capital (formerly Buerk Dale Victor) are pleased to share with you some information about our newest investment and other noteworthy activity in our portfolio. Please send us any feedback or updates of your own, as we aim to keep us all connected. |
| Montlake Invests in Contour | | |
Helmet-mounted camera maker snags $5 million
Montlake Capital has completed a growth investment in Contour (www.contour.com), the market leader in hands-free video cameras and adventure storytelling tools. Montlake invested $2.5 million and co-led the $5 million Series B growth round alongside Black Oak Capital Partners. Montlake Capital has a long history of investing in and building consumer product brands. Managing Director Dale Vogel, former President of K2 and Jansport, looks forward to joining Contour's board of directors to help build another great brand in the outdoor sports category.
The vision for Contour began in 2003 out of the University of Washington business plan competition. The company has since created the world's first high-definition mountable video camera, the world's first wearable GPS video camera and a unique video community that allows users to share their experiences through an online adventure sports network.
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| HaloSource Raises $80 Million on IPO | | |
HaloSource taps growing need for clean water
HaloSource (www.halosource.com), Montlake's clean water and antimicrobial technology company, has completed a successful initial public offering on London's AIM Stock Exchange, raising approximately $80 million USD. The company received roughly $50 million in gross proceeds from the offering, with the remainder going to selling shareholders. 
HaloSource, best known for its water-purifying HaloPure technology built into filters and dispensers, said it will use the proceeds to support its international expansion plans. The company currently has facilities in China, Singapore, India and Brazil. Chief Financial Officer James Thompson says that the company is in a good position as awareness of the issue of contaminated drinking water continues to grow. "In this space, HaloPure is the first technology in a dozen years to be approved by USEPA, the global gold standard," he said. "It's never easy, but we think we are well positioned to seize on an extraordinary opportunity." |
| Escapia Sold to HomeAway | | |
Montlake's vacation rental software company acquired
HomeAway, Inc., the world's leading online vacation rental marketplace, announced in October its acquisition of vacation rental software provider, Escapia, Inc. This purchase follows HomeAway's acquisition of Instant Software, Inc. (ISI), and adds the second half of the top two vacation rental management software providers in the United States to the HomeAway® portfolio. (Read More.) |
| Other News | | |
Firm and Portfolio News and Resources
Interview with Andy Dale, Montlake Capital
Private Equity Connection
The Catalyst: How YOU Can Become an Extraordinary Growth Leader
Co-Authored by Montlake Capital Partner Rob Wiltbank, PhD
B2B Magazine, Montlake Capital Partner Rob Wiltbank, PhD
Firm News - People
Firm News - Portfolio Wellpartner achieves fast growth; has room for more Portland Business Journal ClearAccess tops Inc. 500 list Portland Business Journal
Fresca Mexican Foods: Fresh and Flexible
Food & Drink Magazine
Several Fortune 500 companies join i4cp as company achieves record growth
Press Release
Click hereto visit the Montlake Capital Newsletter Archive |
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Montlake Capital is a leading growth equity firm dedicated to delivering superior returns for our investors by partnering with private companies across the Western U.S. with solid growth potential. Montlake invests across multiple sectors, including business or consumer products and services, health and wellness, financial services and growth technology, with proven management teams and $2-30 million in annualized revenue.
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