Investment Summary

TA Associates and Silversmith Capital Partners Invests In Appfire Technologies

On June 9, 2020, private equity firm TA Associates and growth capital firm Silversmith Capital Partners invested in internet software and services company Appfire Technologies, Inc.

Investment Highlights
  • This is TA Associates’ 23rd and Silversmith Capital Partners’ 7th transaction in the Internet Software and Services sector.
  • This is TA Associates’ 222nd and Silversmith Capital Partners’ 17th transaction in the United States.
  • This is TA Associates’ 21st and Silversmith Capital Partners’ 3rd transaction in Massachusetts.

Investment Summary

Date 2020-06-09
Target Appfire Technologies, Inc.
Sector Internet Software and Services
Investor(s) TA Associates
Silversmith Capital Partners
Deal Type Growth Capital
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
John L. Koenig Law LLC
Kirkland & Ellis LLP (Legal)

Target

Appfire Technologies, Inc.

Burlington, Massachusetts, United States
website
Appfire is an award-winning Platinum Top Vendor and has been a global authority in the Atlassian ecosystem for nearly 15 years. Appfire's popular Bob Swift, Wittified, and Feed Three product brands comprise the largest portfolio of apps on the Atlassian Marketplace with 60+ purpose-built products and 30,000 active installations worldwide. Appfire was formed in 2005 and is based in Burlington, Massachusetts.

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Investor(S) 2

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 28.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TA Associates Management LP is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $50 and $500 million per transaction. TA currently manages approximately $24 billion of capital and proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $150 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments up to $75 million. TA's geographic preference is North America and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 287 of 310
Sector (Internet Software and Services) 23 of 23
Type (Growth Capital) 109 of 118
State (Massachusetts) 21 of 21
Country (United States) 222 of 235
Year (2020) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 ZoomInfo Technologies, Inc.

Vancouver, Washington, United States

ZoomInfo Technologies is a go-to-market intelligence platform for sales and marketing teams. ZoomInfo's cloud-based platform provides highly accurate and comprehensive information on the organizations and professionals they target. ZoomInfo Technologies was founded in 2007 and is based in Vancouver, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Edifecs, Inc.

Bellevue, Washington, United States

Edifecs, Inc. is a provider of information technology solutions to healthcare marketplace. Edifecs was founded in 1996 and is based in Bellevue, Washington.

Buy -
Investor

Silversmith Capital Partners

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2015
PE ASSETS 1.1B USD
SizeLarge
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $100 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 20 of 21
Sector (Internet Software and Services) 7 of 7
Type (Growth Capital) 13 of 14
State (Massachusetts) 3 of 3
Country (United States) 17 of 17
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 Webflow, Inc.

San Francisco, California, United States

Webflow, Inc. is a provider of software solutions that allow customers to design, build, and launch applications via its proprietary platform. Webflow was established in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Microblink Ltd.

London, United Kingdom

Microblink Ltd. is a provider in AI-powered computer vision software. The company offers a variety of SDKs for digitizing documents, automating processes, and eliminating manual data entry for mobile and web applications. Microblink was founded in 2013 and is based in London, United Kingdom.

Buy -