M&A Deal Summary

InterVest Capital Partners Acquires FinanceIt

On February 11, 2022, lender InterVest Capital Partners acquired software company FinanceIt from Goldman Sachs Merchant Banking

Acquisition Highlights
  • This is InterVest Capital Partners’ 1st transaction in the Software sector.
  • This is InterVest Capital Partners’ 1st transaction in Canada.
  • This is InterVest Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2022-02-11
Target FinanceIt
Sector Software
Buyer(s) InterVest Capital Partners
Sellers(s) Goldman Sachs Merchant Banking
Deal Type Secondary Buyout

Target

FinanceIt

Toronto, Ontario, Canada
FinanceIt offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. FinanceIt was founded in 2011 and is headquartered in Toronto, Ontario.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

DESCRIPTION

InterVest Capital Partners is a structured finance and leasing company focused on providing financial products that are Shari’ah compliant. InterVest Capital Partners was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Anchor Loans

Thousand Oaks, California, United States

Anchor Loans is a provider of financing to residential real estate investors and entrepreneurs through its bridge and construction products. Anchor Loans was founded in 1998 and is based in Thousand Oaks, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Foundation Finance

Schofield, Wisconsin, United States

Foundation Finance specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment contracts and promotional financing. Foundation Finance was founded in 2012 and is based in Schofield, Wisconsin.

Buy -

Seller(S) 1

SELLER

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 105 of 110
Sector (Software) 10 of 10
Type (Secondary Buyout) 31 of 32
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Project44

Chicago, Illinois, United States

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Restaurant Technologies

Mendota Heights, Minnesota, United States

Restaurant Technologies is a foodservice industry partner, proudly serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in

Sell -