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Investment Summary

Gemspring Capital Invests In Cforia

On July 27, 2020, private equity firm Gemspring Capital invested in software company Cforia

Investment Highlights
  • This is Gemspring Capital’s 2nd transaction in the Software sector.
  • This is Gemspring Capital’s 11th transaction in the United States.
  • This is Gemspring Capital’s 3rd transaction in California.
Investment Fate
  • Cforia was sold to a strategic buyer in 2024.

Investment Summary
Date 2020-07-27
Target Cforia
Sector Software
Investor(s) Gemspring Capital
Deal Type Growth Capital
Advisor(s) D.A. Davidson (Financial)

Target

Cforia

Westlake Village, California, United States
Cforia is a global enterprise solutions provider, delivering working capital and accounts receivable (A/R) automation software. Its expertly designed, automated order-to-cash platform makes B2B interactions simple, delivering everything clients need to create seamless customer experiences and drive better business results. With intelligent order-to-cash software solutions, the company empowers its clients to make every day an A/R success story. Cforia was founded in 2001 and is based in Westlake Village, California.

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Investor(S) 1

Investor

Gemspring Capital

Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 11 of 39
Sector: Software M&A 2 of 8
Type: Growth Capital M&A Deals 5 of 10
State: California M&A 3 of 8
Country: United States M&A 11 of 38
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Skyline

St. Paul, Minnesota, United States

Skyline is a designer, manufacturer and marketer of trade show displays and exhibits for a wide variety of end-users. Skyline was founded in 1980 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Legence

San Jose, California, United States

Legence is a mechanical, electrical, and plumbing services company focused on designing, building, and servicing custom and complex mechanical systems. Legence provides engineering, estimation, design, building information modeling, energy modeling, design-build, specialty HVAC and pipe fabrication, modular skid and process controls, pre-fabrication, and installation work for owners, general contractors, and construction managers in the technology, biopharmaceutical, data center, semiconductor and other industries with complex mechanical requirements. Legence is based in San Jose, California.

Sell -
Mergr

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