Court Square Capital Partners Invests in AFS
AFS Technologies, Inc., a global company in software solutions for the consumer packaged goods industry (CPG), including the food and beverage segment, announces that Court Square Capital Partners, a private equity firm with over $6 billion under management, has acquired a majority interest in AFS. This investment in partnership with current AFS management provides growth capital as well as capital for future acquisitions.
Kurien Jacob, CEO of AFS Technologies, believes that for AFS customers and employees, having Court Square as a financial partner will provide capital to accelerate investments in current technology and solutions as well as continue to grow through acquisitions. Strategic acquisitions help accelerate AFS Technologies’ offerings and provide global support for its customers.
The investment by Court Square will bring to a close AFS Technologies’ partnership with Goldman Sachs' Private Capital Investing group since 2011. Over the course of Goldman Sachs’ partnership with AFS Technologies, the company expanded its global footprint, completed six acquisitions and became a provider of trade promotion spend management, retail execution and data visualization solutions in this segment. ABRY Partners also provided acquisition capital in 2012.
William Blair & Company and Madison Park Group served as co-advisors to AFS Technologies in connection with this transaction. Snell & Wilmer L.L.P. served as legal advisor to AFS Technologies for this transaction.
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Kurien Jacob, CEO of AFS Technologies, believes that for AFS customers and employees, having Court Square as a financial partner will provide capital to accelerate investments in current technology and solutions as well as continue to grow through acquisitions. Strategic acquisitions help accelerate AFS Technologies’ offerings and provide global support for its customers.
The investment by Court Square will bring to a close AFS Technologies’ partnership with Goldman Sachs' Private Capital Investing group since 2011. Over the course of Goldman Sachs’ partnership with AFS Technologies, the company expanded its global footprint, completed six acquisitions and became a provider of trade promotion spend management, retail execution and data visualization solutions in this segment. ABRY Partners also provided acquisition capital in 2012.
William Blair & Company and Madison Park Group served as co-advisors to AFS Technologies in connection with this transaction. Snell & Wilmer L.L.P. served as legal advisor to AFS Technologies for this transaction.
Related Articles:
Experts Disprove Myths About the Cloud
2014 Readers' Choice Survey: Customer Relationship Management
Farmer John Mines Trade Promotion Data