FTV Capital Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, FTV Capital has acquired 1 company. It has also invested in 23 others.

FTV Capital’s most common sectors for investment areinformation technology (23%) and software (22%) . The Firm’s most common investment types include growth capital (44%) and buyout (lbo, mbo, mbi) (29%). In total, FTV Capital has invested in 21 US states and 11 different countries. Its largest (disclosed) acquisition occurred in 1999 when it acquired Edelman Financial Engines for $85M.

In the last 3 years, FTV Capital has exited 12 companies. The Firm’s most common exit type is trade sale (66%). FTV Capital’s largest (disclosed) exit occurred in 2015 when it sold MarketShare Partners for $450M.

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M&A Summary

  • M&A Total Activity170
    • M&A Buy Activity116
    • M&A Sell Activity54
  • Total Sectors Invested 10
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 64
  • M&A Advisors 2

FTV Capital

601 California Street, Floor 19,
San Francisco, California 94108
United States
(415) 229-3000
www.ftvcapital.com
info@ftvcapital.com

FTV Management Company, L.P. (FTV Capital) is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Education, Financial Services, Information Technology, Insurance, Internet Software and Services, Marketing, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA - -
Investment Size 10 85
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (5.4/yr) # 89 3 13 6 5 - 116
vol $126M $126M
Sell (3.0/yr) # 40 3 2 7 3 - 55
vol $2.5B $75M $2.6B
  171

Most Recent M&A

Company Date Value Type
ConnexPay LLC 2022-10-25 - Growth Capital
St. Paul, Minnesota · www.connexpay.com
Tidal Financial Group 2022-10-06 - Growth Capital
Chicago, Illinois · www.tidalfinancialgroup.com
Solid Financial Technologies, Inc. 2022-08-31 - Venture
San Mateo, California · www.solidfi.com
LogicSource, Inc. 2022-04-07 - Growth Capital
South Norwalk, Connecticut · www.logicsource.com
Centaur Fund Services Ltd. 2022-03-30 - Trade Sale
Dublin, Ireland · www.centaurfs.com
Finaro 2022-03-01 - Trade Sale
Herzliya, Israel · www.finaro.com
Rapid Ratings International, Inc. 2022-02-14 - Stake Sale
New York, New York · www.rapidratings.com
Gale Healthcare Solutions LLC 2022-01-19 - Growth Capital
Tampa, Florida · www.galehealthcaresolutions.com
NewsCred, Inc. 2021-12-01 - Trade Sale
New York, New York · www.welcomesoftware.com
Luma Health, Inc. 2021-11-23 - Venture
San Mateo, California · www.lumahealth.io
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 7 (17%) - 26 (22%) 41M (33%)
Software 9 (22%) - 25 (22%) -
Financial Services 3 (7%) - 21 (18%) 85M (67%)
Internet Software and Services 11 (27%) - 21 (18%) -
Business Services 6 (15%) - 16 (14%) -
Insurance 1 (2%) - 2 (2%) -
Staffing 2 (5%) - 2 (2%) -
Digital Media 1 (2%) - 1 (1%) -
Information Services - - 1 (1%) -
Marketing 1 (2%) - 1 (1%) -
Total 41 - 116 $126M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 30 (73%) - 95 (82%) 126M (100%)
  California 9 (22%) - 27 (23%) 85M (67%)
  New York 4 (10%) - 12 (10%) -
  Illinois 3 (7%) - 10 (9%) -
  Florida 4 (10%) - 5 (4%) -
  Washington 1 (2%) - 5 (4%) -
  Texas 1 (2%) - 4 (3%) 41M (33%)
  Georgia 1 (2%) - 4 (3%) -
  Colorado - - 4 (3%) -
  Oregon 2 (5%) - 3 (3%) -
  Virginia 1 (2%) - 3 (3%) -
  Massachusetts 1 (2%) - 3 (3%) -
  Connecticut 1 (2%) - 2 (2%) -
  Utah 1 (2%) - 2 (2%) -
  Wisconsin - - 2 (2%) -
  Tennessee - - 2 (2%) -
  Pennsylvania - - 2 (2%) -
  Minnesota 1 (2%) - 1 (1%) -
  North Carolina - - 1 (1%) -
  New Jersey - - 1 (1%) -
  Missouri - - 1 (1%) -
  Maine - - 1 (1%) -
United Kingdom 5 (12%) - 10 (9%) -
Brazil 2 (5%) - 2 (2%) -
Canada 1 (2%) - 2 (2%) -
  Ontario 1 (2%) - 2 (2%) -
China 1 (2%) - 1 (1%) -
India 1 (2%) - 1 (1%) -
Greece 1 (2%) - 1 (1%) -
Bermuda - - 1 (1%) -
Ireland - - 1 (1%) -
Israel - - 1 (1%) -
Luxembourg - - 1 (1%) -
Domestic 30 (73%) - 95 (82%) 126M (100%)
Cross-border 11 (27%) - 21 (18%) -
Total 41 - 116 $126M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 29 (71%) - 50 (43%) -
Buyout (LBO, MBO, MBI) 1 (2%) - 33 (28%) 41M (33%)
Venture 10 (24%) - 30 (26%) 85M (67%)
Secondary Buyout 1 (2%) - 2 (2%) -
Stake Purchase - - 1 (1%) -
Total 41 - 116 $126M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 26 (47%) 2.6B (100%)
Trade Sale 16 (29%) -
IPO 5 (9%) -
Secondary Sale 3 (5%) -
Recapitalization 2 (4%) -
Bankruptcy 1 (2%) -
SPAC 1 (2%) -
Stake Sale 1 (2%) -
Total 55 $2.6B

Top M&A Advisors

Legal Deals
Kirkland & Ellis
 2
Gibson, Dunn & Crutcher LLP
 1

Deal Values

buy # Total
< $100M 2 $126M
TOTAL $126M
Largest Edelman Financial Engines LLC
$85M (1999-12-16)
sell # Total
$100M to $1B 7 $2.3B
< $100M 7 $316M
TOTAL $2.6B
Largest MarketShare Partners LLC
$450M (2015-11-05)

M&A Connections

Deals
Acquired from
Investor(s)
2%
2 (2%)
Exited to
Investor(s)
11%
6 (11%)
Strategic(s)
65%
36 (65%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Large

PE Assets

6.2B USD

Established

1998

Specialist/Generalist

Generalist

Leadership

Richard Garman

Founding Partner

Brad Bernstein

Managing Partner

Alex Mason

Partner

Chris Winship

Partner

Kapil Venkatachalam

Partner

FAQ

When was FTV Capital founded?

FTV Capital was founded in 1998.

What type of investor is FTV Capital?

FTV Capital is a growth capital firm.

Where is FTV Capital headquartered?

FTV Capital is headquartered in San Francisco, California.

How much capital does FTV Capital have under management?

FTV Capital has 6.2B USD under management.

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