SAN FRANCISCO, July 15, 2021 /PRNewswire/ -- True Wind
Capital ("True Wind"), a San
Francisco-based private equity firm focused on investing in
leading technology companies, today announced that technology
industry veteran Scott Wagner has
joined the firm as Head of Strategic Capital. In this new role, Mr.
Wagner will be responsible for leading True Wind's SPAC franchise
and overseeing its operations. Mr. Wagner has been closely
involved with True Wind Capital, having served as an independent
board member to prior True Wind SPACs and as an advisor to the firm
for over five years.
Mr. Wagner brings nearly 30 years of operating experience within
the software, internet, consumer media, and data and analytics
sectors. Previously, Mr. Wagner held various senior leadership
roles at GoDaddy, most recently as Chief Executive Officer. Prior
to assuming the CEO role in 2017, he served as President, Chief
Operations Officer and Chief Financial Officer. During Mr. Wagner's
seven-year tenure, GoDaddy evolved from its successful founding as
the leading domain name registrar in the
United States into a nearly $15
billion enterprise value global software-as-a service (SaaS)
company, and revenue grew from approximately $800 million to approximately $3 billion.
Prior to joining GoDaddy, Mr. Wagner was a Partner at KKR, a
global investment manager. At KKR, Mr. Wagner was a founding member
of the Capstone Value Creation team and led key value creation
initiatives across KKR's portfolio. He continues to be closely
connected within the technology business community, serving on the
boards of several leading technology companies.
"We are thrilled to welcome a professional of Scott's caliber to
True Wind. Having known and worked alongside Scott for more than 20
years, we know first-hand his deep operating experience and value
he brings to companies in sectors that are core to our investment
approach," said Adam Clammer and
Jamie Greene, Founding Partners of
True Wind. "Looking ahead, we believe that SPACs will continue to
play a meaningful role in the financial ecosystem and provide
exceptional companies and investors with significant opportunities
for growth. Scott's proven leadership, technology operating
expertise and successful experience in the public markets enhances
True Wind's ability to continue our execution in this important
market segment."
"True Wind has built a strong investment platform across the
technology sector with a proven track record of delivering value
for its investors and portfolio companies alike," said Mr. Wagner.
"The True Wind team can help position companies for
longer-term success in the public markets, and I am eager
to work with both Adam and Jamie to create great opportunities for
great companies."
True Wind Capital's recent SPACs include Nebula Caravel
Acquisition Corp. (Nasdaq: NEBC) and TWC Tech Holdings II Corp.
(Nasdaq: TWCTU), which have announced mergers with A Place for
Rover, Inc. the world's largest network of five-star pet sitters
and dog walkers, and Cellebrite DI Ltd., the global leader in
Digital Intelligence solutions for the public and private sectors,
respectively. True Wind's first SPAC, Nebula Acquisition
Corp, successfully completed a business combination with Open
Lending (Nasdaq: LPRO) in June 2020,
whose shares have appreciated more than 300% since the transaction
close.
About True Wind Capital
True Wind Capital is
a San Francisco-based private equity firm focused on investing
in leading technology companies. True Wind has a broad investing
mandate, with deep industry expertise across software, data
analytics, tech-enabled services, internet, financial technology,
and hardware.
Media Contacts:
Jonathan
Gasthalter/Nathaniel
Garnick
Gasthalter & Co.
(212) 257-4170
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SOURCE True Wind Capital