Investment Summary

True Wind Capital and Audax Private Equity Invest In AIA Contract Documents

On October 30, 2020, private equity firms True Wind Capital and Audax Private Equity invested in business services company AIA Contract Documents

Investment Highlights
  • This is True Wind Capital’s 2nd and Audax Private Equity’s 10th transaction in the Business Services sector.
  • This is True Wind Capital’s 7th and Audax Private Equity’s 128th transaction in the United States.
  • This is True Wind Capital’s 1st and Audax Private Equity’s 1st transaction in District of Columbia.

Investment Summary

Date 2020-10-30
Target AIA Contract Documents
Sector Business Services
Investor(s) True Wind Capital
Audax Private Equity
Deal Type Growth Capital

Target

AIA Contract Documents

Washington, District of Columbia, United States
AIA Contract Documents is a provider of customizable legal contracts. AIA Contract Documents has been the gold standard of legal documents and a thought leader within the construction industry for over 130 years. AIA Contract Documents was founded in 1888 and is based in Washington, District of Columbia.

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Investor(S) 2

Investor

True Wind Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.


DEAL STATS #
Overall 7 of 12
Sector (Business Services) 2 of 3
Type (Growth Capital) 3 of 7
State (District of Columbia) 1 of 1
Country (United States) 7 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Viking Cloud

Chicago, Illinois, United States

Viking Cloud provides payment card industry, cybersecurity and compliance solutions that help businesses to improve security and acquiring organizations to reduce risk. Viking Cloud was founded in 1989 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Zix

Dallas, Texas, United States

Zix is a provider of email security services. Zix also offers superior solutions in email data loss prevention and email bring your own device (BYOD) security. Zix is trusted by the nation’s most influential institutions in healthcare, finance, and government for easy-to-use secure email solutions that meet data protection and compliance needs. Zix was founded in 1988 and is based in Dallas, Texas.

Sell $860M
Investor

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 133 of 167
Sector (Business Services) 10 of 11
Type (Growth Capital) 9 of 18
State (District of Columbia) 1 of 2
Country (United States) 128 of 158
Year (2020) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 GuidePoint Security

Herndon, Virginia, United States

GuidePoint Security enables organizations to identify threats, optimize resources and integrate best-fit solutions that mitigate cyber risk. GuidePoint partners with its customers to review, compare, and recommend best-fit security solutions based on their unique environment and requirements. GuidePoint Security was formed in 2011 and is based in Herndon, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 48forty Solutions

Alpharetta, Georgia, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Alpharetta, Georgia.

Buy -