M&A Deal Summary

Genstar Capital and FTV Capital Acquire Docupace Technologies

On July 23, 2024, private equity firm Genstar Capital and growth capital firm FTV Capital acquired information technology company Docupace Technologies from FTV Capital

Acquisition Highlights
  • This is Genstar Capital’s 9th and FTV Capital’s 27th transaction in the Information Technology sector.
  • This is Genstar Capital’s 100th and FTV Capital’s 102nd transaction in the United States.
  • This is Genstar Capital’s 14th and FTV Capital’s 29th transaction in California.

M&A Deal Summary

Date 2024-07-23
Target Docupace Technologies
Sector Information Technology
Buyer(s) Genstar Capital
FTV Capital
Sellers(s) FTV Capital
Deal Type Secondary Buyout
Advisor(s) Financial Technology Partners - FT Partners (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Docupace Technologies

Culver City, California, United States
Docupace Technologies provides secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. It offers a web-based straight-through processing platform that helps financial services firms meet SEC/FINRA compliance requirements. Docupace Technologies is based in Culver City, California.

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Buyer(S) 2

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 108 of 110
Sector (Information Technology) 9 of 9
Type (Secondary Buyout) 48 of 50
State (California) 14 of 14
Country (United States) 100 of 102
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-04 2-10 Home Buyers Warranty

Denver, Colorado, United States

2-10 Home Buyers Warranty is a provider of warranty services to builders, realtors, and homeowners and is the only market participant offering both new home and pre-owned home warranty products and home service contracts on a nationwide basis. 2-10 Home Buyers Warranty was founded in 1980 and is based in Denver, Colorado.

Sell $585M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Flourish Research

Apex, North Carolina, United States

Flourish Research is a clinical trial site network focused on performing the highest quality trials for sponsors and CROs and providing patients with an exceptional clinical experience. Flourish Research was founded in 2021 and is based in Apex, North Carolina.

Buy -
Buyer

FTV Capital

San Francisco, California, United States


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 126 of 129
Sector (Information Technology) 27 of 27
Type (Secondary Buyout) 4 of 4
State (California) 29 of 29
Country (United States) 102 of 103
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 ZEMA Global Data

Richmond, British Columbia, Canada

ZEMA Global Data is a provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. ZEMA Global Data is based in Richmond, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 Morningstar Commodity Data

Chicago, Illinois, United States

Morningstar Commodity Data is a provider of commodities and energy data and insights. Morningstar Commodity Data was founded in 1984 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

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 60 of 61
Sector (Information Technology) 13 of 13
Type (Secondary Buyout) 7 of 7
State (California) 17 of 17
Country (United States) 53 of 54
Year (2024) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 ZEMA Global Data

Richmond, British Columbia, Canada

ZEMA Global Data is a provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. ZEMA Global Data is based in Richmond, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 Morningstar Commodity Data

Chicago, Illinois, United States

Morningstar Commodity Data is a provider of commodities and energy data and insights. Morningstar Commodity Data was founded in 1984 and is based in Chicago, Illinois.

Buy -