Investment Summary

FTV Capital Invests In CashStar

On September 1, 2011, growth capital firm FTV Capital invested in internet software and services company CashStar

Investment Highlights
  • This is FTV Capital’s 8th transaction in the Internet Software and Services sector.
  • This is FTV Capital’s 51st transaction in the United States.
  • This is FTV Capital’s 1st transaction in Maine.
Investment Fate
  • CashStar was sold to a publicly-traded strategic buyer in 2017 for 175M USD.

Investment Summary

Date 2011-09-01
Target CashStar
Sector Internet Software and Services
Investor(s) FTV Capital
Deal Type Venture

Target

CashStar

Portland, Maine, United States
CashStar, Inc. is a provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. CashStar, Inc. was established in 2002 and is based in Portland, Maine.

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Investor(S) 1

Investor

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 57 of 133
Sector: Internet Software and Services M&A 8 of 29
Type: Venture M&A Deals 20 of 31
State: Maine M&A 1 of 1
Country: United States M&A 51 of 105
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-07 Apex Group

Hamilton, Bermuda

Apex Group is a global financial services provider offering fund administration, corporate solutions, and capital market services across 50+ countries. Apex Group was founded in 2003 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 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.

Sell $24M