Investment Summary

FTV Capital Invests In LogicSource

On April 7, 2022, growth capital firm FTV Capital invested in business services company LogicSource

Investment Highlights
  • This is FTV Capital’s 16th transaction in the Business Services sector.
  • This is FTV Capital’s 95th transaction in the United States.
  • This is FTV Capital’s 2nd transaction in Connecticut.

Investment Summary
Date 2022-04-07
Target LogicSource
Sector Business Services
Investor(s) FTV Capital
Deal Type Growth Capital
Advisor(s) Lazard Ltd. (Financial)

Target

LogicSource

South Norwalk, Connecticut, United States
LogicSource is a provider of procurement services and technology solutions that helps companies increase profitability through better buying. LogicSource is based in South Norwalk, Connecticut.

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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 116 of 126
Sector (Business Services) 16 of 16
Type (Growth Capital) 49 of 55
State (Connecticut) 2 of 2
Country (United States) 95 of 103
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Centaur Fund Services

Dublin, Ireland

Centaur Fund Services is a provider of fund administration services for alternative investment funds, including hedge funds, private equity, venture capital, credit and real estate funds, family offices, and insurance-linked securities funds. Centaur Fund Services was founded in 2009 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 Solid

San Mateo, California, United States

Solid is a fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products. Solid is based in San Mateo, California.

Buy -
Mergr

Product

Company

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