M&A Deal Summary

PSG and TPG Acquire Catalis

On August 5, 2021, growth capital firm PSG and private equity firm TPG acquired software company Catalis

Acquisition Highlights
  • This is PSG’s 20th and TPG’s 30th transaction in the Software sector.
  • This is PSG’s 44th and TPG’s 251st transaction in the United States.
  • This is PSG’s 4th and TPG’s 9th transaction in Georgia.

M&A Deal Summary

Date 2021-08-05
Target Catalis
Sector Software
Buyer(s) PSG
TPG
Deal Type Recapitalization

Target

Catalis

Alpharetta, Georgia, United States
Catalis is a provider of government software and integrated payment solutions. The company offers comprehensive solutions for all sizes of government entities municipalities, counties, states, and federal agencies - with thousands of clients in all 50 states and Canada. Catalis was founded in 2017 and is based in Alpharetta, Georgia.

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Buyer(S) 2

Buyer

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 62 of 108
Sector (Software) 20 of 33
Type (Recapitalization) 1 of 1
State (Georgia) 4 of 4
Country (United States) 44 of 74
Year (2021) 16 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 OfColor

New York, New York, United States

OfColor is an enterprise SaaS provider focused on the financial health of employees. OfColor enables companies of all sizes to provide their employees with access to premier fintech tools and services. OfColor was founded in 2020 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Vault Verify

New Smyrna Beach, Florida, United States

Vault Verify is a growth stage HR technology company that works with hundreds of enterprise clients to remove labor burden by automating verifications of employment and income and the I-9 process. Vault Verify’s proprietary API and software technology integrates with HR systems and pulls data records in real-time to automate the entire employment and income verification process, thereby reducing human involvement. Vault Verify was founded in 2013 and is based in New Smyrna Beach, Florida.

Buy -
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 389 of 421
Sector (Software) 30 of 35
Type (Recapitalization) 5 of 5
State (Georgia) 9 of 10
Country (United States) 251 of 276
Year (2021) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Transplace

Frisco, Texas, United States

Transplace is a provider of managed transportation, supply chain consulting and transportation management systems (TMS) technology solutions, as well as other intermodal, truck brokerage, and cross-border trade services. Providing manufacturers, retailers, chemical and consumer-packaged goods companies with the optimal blend of logistics technology and transportation management services, Transplace delivers integrated solutions tailored to meet customers’ in-country and cross-border supply chain needs. Transplace was founded in 2000 and is based in Frisco, Texas.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Sell -