Investment Summary

GCP Capital Partners Invests In Transfast

On May 28, 2007, merchant bank GCP Capital Partners invested in information technology company Transfast

Investment Highlights
  • This is GCP Capital Partners’ 1st transaction in the Information Technology sector.
  • This is GCP Capital Partners’ 18th transaction in the United States.
  • This is GCP Capital Partners’ 2nd transaction in New York.
Investment Fate
  • Transfast was sold to a consortium of financial buyers in 2017.
  • Transfast was sold to a publicly-traded strategic buyer in 2019.

Investment Summary
Date 2007-05-28
Target Transfast
Sector Information Technology
Investor(s) GCP Capital Partners
Deal Type Growth Capital

Target

Transfast

New York, New York, United States
website
Transfast is a provider of cross-border payments solutions to consumers and businesses around the world. The Company operates a multi-product, best-in-class payments network capable of processing payments across 120 countries and offering more than 1,000 currency pairs. Transfast was founded in 1988 and is based in New York.

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Investor(S) 1

Investor

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $5 to $40 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.

DEAL STATS #
Overall 20 of 42
Sector (Information Technology) 1 of 2
Type (Growth Capital) 4 of 9
State (New York) 2 of 4
Country (United States) 18 of 40
Year (2007) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-12 Global Signal

Sarasota, Florida, United States

Global Signal owned, operated, and leased towers and other communication structures for wireless communications. Global Signal was formed in 1995 and based in Sarasota, Florida.

Sell $5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-08 FCC Holdings

Fort Lauderdale, Florida, United States

FCC Holdings, Inc. has seven campuses that operate under the name Florida Career College. Founded in 1982 as a business school focused on information technology training, Florida Career College now offers programs in the fields of allied health, massage therapy, information technology and business.

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