Investment Summary

TA Associates Invests In AffiniPay

On February 25, 2020, private equity firm TA Associates invested in financial services company AffiniPay from Great Hill Partners

Investment Highlights
  • This is TA Associates’ 46th transaction in the Financial Services sector.
  • This is TA Associates’ 229th transaction in the United States.
  • This is TA Associates’ 25th transaction in Texas.

Investment Summary
Date 2020-02-25
Target AffiniPay
Sector Financial Services
Investor(s) TA Associates
Sellers(s) Great Hill Partners
Deal Type Stake Purchase

Target

AffiniPay

Austin, Texas, United States
AffiniPay is a provider of electronic payment solutions to professional services firms. AffiniPay provides proprietary electronic payment tools designed to facilitate simple and secure acceptance of credit cards, debit cards and eChecks for professionals. AffiniPay is based in Austin, Texas.

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Investor(S) 1

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 302 of 364
Sector (Financial Services) 46 of 51
Type (Stake Purchase) 31 of 39
State (Texas) 25 of 28
Country (United States) 229 of 263
Year (2020) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Auction Technology Group

London, United Kingdom

Auction Technology Group is an online marketplace that provides online auction platforms in multiple verticals. ATG's platform powers live and timed auctions across multiple verticals including art and antiques, classic cars, industrial & commercial, and consumer retail returns. Auction Technology Group was incorporated in 1971 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Evanston Capital Management

Evanston, Illinois, United States

Evanston Capital Management is an alternative investment management firm focused on providing multi-manager hedge fund programs and custom solutions for institutional and high net worth investors. Evanston Capital Management was founded in 2002 and is based in Evanston, Illinois.

Sell -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 48 of 60
Sector (Financial Services) 3 of 3
Type (Stake Purchase) 1 of 1
State (Texas) 4 of 4
Country (United States) 42 of 50
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 One

Folsom, California, United States

One is a digital payment solutions vendor focused exclusively on the insurance industry. The company’s InsureOne™ product suite enables property and casualty insurers to expand their distribution channels and increase revenues while replacing legacy core systems that are inefficient and inflexible. Its software is used by a rapidly growing list of notable customers, including the National General Insurance Company, Confie Seguros, and Mutual of Enumclaw. One was formed in 2005 and is based in Folsom, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-25 Storyblocks

Arlington, Virginia, United States

Storyblocks is a subscription-based provider of stock video and audio, providing its members with unlimited download access to a vast, and growing, a library of content. Storyblocks offers unlimited access to over 50,000 clips of stock video, motion backgrounds, production music, editing templates, sound effects, special effects, and more all for the price of just one download at many competing sites. Storyblocks was established in 2011 and is based in Arlington, Virginia.

Buy -
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