Investment Summary

Silversmith Capital Partners and TA Associates Invest In Appfire

On June 9, 2020, growth capital firm Silversmith Capital Partners and private equity firm TA Associates invested in software company Appfire

Investment Highlights
  • This is Silversmith Capital Partners’ 10th and TA Associates’ 64th transaction in the Software sector.
  • This is Silversmith Capital Partners’ 21st and TA Associates’ 231st transaction in the United States.
  • This is Silversmith Capital Partners’ 3rd and TA Associates’ 23rd transaction in Massachusetts.

Investment Summary
Date 2020-06-09
Target Appfire
Sector Software
Investor(s) Silversmith Capital Partners
TA Associates
Deal Type Growth Capital
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
John L. Koenig Law
Kirkland & Ellis (Legal)

Target

Appfire

Burlington, Massachusetts, United States
Appfire is a provider of software applications for Atlassian developers. The company’s portfolio of products include workflow automation, business intelligence, reporting, administration, and testing tools. Appfire was formed in 2005 and is based in Burlington, Massachusetts.

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Investor(S) 2

Investor

Silversmith Capital Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 24 of 38
Sector (Software) 10 of 15
Type (Growth Capital) 15 of 23
State (Massachusetts) 3 of 4
Country (United States) 21 of 33
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 Webflow

San Francisco, California, United States

Webflow is a provider of software solutions that allow customers to design, build, and launch applications via its proprietary platform. Webflow was established in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Venminder

Elizabethtown, Kentucky, United States

Venminder is a provider of vendor risk management solutions. Venminder through the firm’s software and a suite of outsourced services, Venminder has pioneered a new age in vendor management by dramatically reducing the workload essential to meeting today’s demanding regulatory requirements. Venminder is based in Elizabethtown, Kentucky.

Buy -
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 305 of 364
Sector (Software) 64 of 86
Type (Growth Capital) 112 of 133
State (Massachusetts) 23 of 25
Country (United States) 231 of 263
Year (2020) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 ZoomInfo Technologies

Vancouver, Washington, United States

ZoomInfo Technologies is a go-to-market intelligence platform for sales and marketing teams. ZoomInfo's cloud-based platform provides highly accurate and comprehensive information on the organizations and professionals they target. ZoomInfo Technologies was founded in 2007 and is based in Vancouver, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Edifecs

Bellevue, Washington, United States

Edifecs is a provider of data interoperability software solutions in the U.S. healthcare market. Edifecs provides data interoperability software connecting payors, providers and government agencies. The company provides mission-critical software to its customers’ core business processes, with a strong value proposition in reducing administrative cost, workflow automation, ensuring compliance and achieving proper reimbursement from government agencies. Edifecs was founded in 1996 and is based in Bellevue, Washington.

Buy -
Mergr

Product

Company

Legal