Investment Summary

TA Associates and Genstar Capital Invest In Cyncly

On July 11, 2018, private equity firms TA Associates and Genstar Capital invested in software company Cyncly

Investment Highlights
  • This is TA Associates’ 59th and Genstar Capital’s 8th transaction in the Software sector.
  • This is TA Associates’ 1st and Genstar Capital’s 1st transaction in Norway.

Investment Summary

Date 2018-07-11
Target Cyncly
Sector Software
Investor(s) TA Associates
Genstar Capital
Deal Type Growth Capital
Advisor(s) ABG Sundal Collier (Financial)
Kvale (Legal)

Target

Cyncly

Borgenhaugen, Norway
Cyncly is a global provider of specialized visualization, sales, manufacturing and content software and solutions for key retail, design and manufacturing industries. The Company’s connected platform includes Configure, Price, Quote software, online space planning, computer-aided design applications, business process management, manufacturing execution systems and enterprise resource planning. Cyncly was founded in 1989 and is based in Borgenhaugen, Norway.

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Investor(S) 2

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 279 of 364
Sector (Software) 59 of 86
Type (Growth Capital) 103 of 133
Country (Norway) 1 of 1
Year (2018) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 insightsoftware

Raleigh, North Carolina, United States

insightsoftware is a provider of financial reporting and enterprise performance management (EPM) software, enabling the ‘Office of the CFO’ to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence. The company helps companies turn their financial & operational data into better business outcomes that drive growth and ROI through their innovative, turn-key reporting and performance management solutions. insightsoftware was founded in 1993 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Prudent Corporate Advisory Services

Ahmedabad, India

Prudent Corporate Advisory Services is a distributor of mutual fund and other wealth products. Prudent provides personal and corporate investment planning services through the distribution of mutual funds, bonds, broking and insurance products. Prudent was founded in 2001 and is based in Ahmedabad, India.

Buy -
Investor

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


DEAL STATS #
Overall 74 of 109
Sector (Software) 8 of 12
Type (Growth Capital) 4 of 8
Country (Norway) 1 of 1
Year (2018) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Boyd

Modesto, California, United States

Boyd Corp is a designer, manufacturer, marketer, and distributor of extruded, die-cut, and molded flexible rubber and plastic components and sealing systems for industrial applications. The business has a history of design and manufacturing innovation related to sealing systems and applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Bracket

Wayne, Pennsylvania, United States

Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

Sell -