M&A Deal Summary

FTV Capital Acquires Freeborders

On September 19, 2005, growth capital firm FTV Capital acquired software company Freeborders

Acquisition Highlights
  • This is FTV Capital’s 6th transaction in the Software sector.
  • This is FTV Capital’s 26th transaction in the United States.
  • This is FTV Capital’s 7th transaction in California.
Investment Fate
  • Freeborders was sold to a strategic buyer in 2013.

M&A Deal Summary

Date 2005-09-19
Target Freeborders
Sector Software
Buyer(s) FTV Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Freeborders

San Francisco, California, United States
Provides IT and software application outsourcing services through a hybrid onshore-offshore delivery model with its primary development operations based in Shenzhen, China.

Search 215,130 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 28 of 133
Sector: Software M&A 6 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 35
State: California M&A 7 of 26
Country: United States M&A 26 of 105
Year: 2005 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-23 ProfitLine

San Diego, California, United States

ProfitLine is a provider of telecom expense and mobility management services. ProfitLine addresses the growing challenges that global enterprises face in the day—to-day management of fixed and mobile telecom expenses, mobile devices, communications services, and carrier relationships.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-09 Verus Financial Management

Nashville, Tennessee, United States

Verus Financial Management, Inc. is a merchant services business specialising in credit card and cheque processing for small and medium-sized businesses (”SMEs”) based in the US in Nashville, Tennessee. Merchant services support retail, business to business and e-commerce businesses in processing customer transactions through credit cards, debit cards and cheques. Verus has a customer base of 101,000 small and medium-sized merchants in the US, including speciality retailers, petrol stations, restaurants, property managers and motor dealerships.

Sell £184M