Investment Summary

Goldman Sachs Merchant Banking and TA Associates Invest In Stackline

On November 19, 2020, private equity firms Goldman Sachs Merchant Banking and TA Associates invested in e-commerce company Stackline

Investment Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd and TA Associates’ 2nd transaction in the E-Commerce sector.
  • This is Goldman Sachs Merchant Banking’s 119th and TA Associates’ 234th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 3rd and TA Associates’ 10th transaction in Washington.

Investment Summary

Date 2020-11-19
Target Stackline
Sector E-Commerce
Investor(s) Goldman Sachs Merchant Banking
TA Associates
Deal Type Venture

Target

Stackline

Seattle, Washington, United States
Stackline is an all-in-one e-commerce platform for brands and retailers. By combining market intelligence, advertising automation, workflow management, and operational analytics into a single platform, Stackline delivers the industry-leading operating system for companies to scale their online retail business globally. Stackline was founded in 2014 and headquartered in Seattle with additional offices in Minneapolis and London.

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Investor(S) 2

Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 167 of 182
Sector (E-Commerce) 2 of 2
Type (Venture) 11 of 11
State (Washington) 3 of 3
Country (United States) 119 of 126
Year (2020) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Zaxby s Franchising

Athens, Georgia, United States

Zaxby's, the fast-casual chain known for its chicken fingers, wings, and signature sauces, operates primarily in the Southeastern United States, with more than 900 restaurants in 17 states. Zaxby's has delivered industry-leading comparable sales performance for three consecutive years, and there is unprecedented demand from franchisees to grow.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 People

Winnipeg, Manitoba, Canada

People Corp. is a provider of group benefits, group retirement and human resources consulting products and services to companies across Canada. The company is bringing together leading consultants in the industry, offering innovative and customized solutions to thousands of clients across a broad range of industries. It delivers employee benefits consulting, third party benefits administration, pension consulting, human resources consulting and executive search and staff recruitment services through 35 offices and satellite offices in nine provinces across Canada, each of which is led by a team of experts familiar with the local market, and supported by the resources of a public company with a national footprint. People Corp. was founded in 2006 and is based in Winnipeg, Canada.

Buy CA$1.1B
Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates 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 $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 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. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 311 of 364
Sector (E-Commerce) 2 of 2
Type (Venture) 10 of 10
State (Washington) 10 of 11
Country (United States) 234 of 263
Year (2020) 13 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Thinkproject

München, Germany

Thinkproject is a provider of cross-enterprise collaboration and workflow software to the construction and engineering industries. Thinkproject was established in 2000 and is headquartered in München, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Flexera

Itasca, Illinois, United States

Flexera is a provider of strategic software solutions for application usage management. The Company's solutions help clients deliver continuous compliance optimized usage and maximized value to application producers and their customers. Flexera was founded in 1987 and is based in Itasca, Illinois.

Sell $2.9B