Investment Summary

Silversmith Capital Partners and TA Associates Invest In Appfire

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

Investment Highlights
  • This is Silversmith Capital Partners’ 10th and TA Associates’ 59th transaction in the Software sector.
  • This is Silversmith Capital Partners’ 20th and TA Associates’ 228th transaction in the United States.
  • This is Silversmith Capital Partners’ 3rd and TA Associates’ 22nd transaction in Massachusetts.

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

Target

Appfire

Burlington, Massachusetts, United States
website
Appfire is a provider of software applications for Atlassian developers. The company’s portfolio of products include workflow automation, business intelligence, reporting, administration, and testing tools. Appfire was formed in 2005 and is based in Burlington, Massachusetts.

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Investor(S) 2

Investor

Silversmith Capital Partners

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
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 $125 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 23 of 36
Sector (Software) 10 of 14
Type (Growth Capital) 15 of 23
State (Massachusetts) 3 of 4
Country (United States) 20 of 31
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 Webflow

San Francisco, California, United States

Webflow 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

London, United Kingdom

Microblink is a provider of 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 -
Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 36.0B USD
Size Mega
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 299 of 341
Sector (Software) 59 of 74
Type (Growth Capital) 109 of 127
State (Massachusetts) 22 of 24
Country (United States) 228 of 253
Year (2020) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 ZoomInfo Technologies

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

Bellevue, Washington, United States

Edifecs is a provider of data interoperability software solutions in the U.S. healthcare market. Edifecs provides data interoperability software connecting payors, providers and government agencies. The company provides mission-critical software to its customers’ core business processes, with a strong value proposition in reducing administrative cost, workflow automation, ensuring compliance and achieving proper reimbursement from government agencies. Edifecs was founded in 1996 and is based in Bellevue, Washington.

Buy -
Mergr

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Company

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