M&A Deal Summary

PSG Acquires Foreground

On December 12, 2018, growth capital firm PSG acquired internet software and services company Foreground

Acquisition Highlights
  • This is PSG’s 7th transaction in the Internet Software and Services sector.
  • This is PSG’s 18th transaction in the United States.
  • This is PSG’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2018-12-12
Target Foreground
Sector Internet Software and Services
Buyer(s) PSG
Deal Type Consolidation

Target

Foreground

Atlanta, Georgia, United States
Foreground serves as a dynamic marketplace for special moments; empowering photo consumers and photographers to create memories that last. Foreground is based in Atlanta, Georgia.

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Buyer(S) 1

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 20 of 108
Sector (Internet Software and Services) 7 of 47
Type (Consolidation) 2 of 4
State (Georgia) 3 of 4
Country (United States) 18 of 74
Year (2018) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Ctera

Petach Tikvah, Israel

Ctera provides the only cyber-hardened and completely unified file-sharing and data protection platform that allows enterprise IT to address the full continuum of global file services from the cloud infrastructure of their choice. It is the digital transformation of enterprises to cloud-enabled file services, with millions of corporate users and tens of thousands of cloud-enabled offices worldwide. Ctera is based in Petach Tikvah, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 S3

Nashville, Tennessee, United States

S3 is developing and delivering innovative licensing solutions that allow government agencies to automate their marketing, transactions and customer relations. S3 is a provider of business services and technology platforms for the outdoor recreation industry. S3 was founded in 2010 and is based in Nashville, Tennessee.

Buy -
Mergr

Product

Company

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