|[February 18, 2014]
Court Square Capital Partners Announces Majority Investment in AFS Technologies
PHOENIX --(Business Wire)--
Technologies, Inc., a global leader in software solutions for the
Consumer Packaged Goods industry (CPG), including the Food and Beverage
segment, today announced that Court Square Capital Partners, a
leading 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.
"For AFS customers and employees, having Court Square as a financial
partner will provide capital to accelerate our investment in current
technology and solutions, as well as continue to grow through
acquisitions. Strategic acquisitions help accelerate our offerings and
provide global support for our customers," said Kurien Jacob, CEO of AFS
Technologies. "This investment by Court Square will bring to a close AFS
Technologies' successful 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 leading provider of
Trade Promotion Spend Management, Retail Execution and Data
Visualization solutions in this segment," added Mr. Jacob. 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.
About AFS Technologies, Inc.
AFS Technologies, Inc. is the leading provider on-demand cloud-based and
server-based software solutions designed to meet the unique requirements
of the Consumer Packaged Goods industry, including specialized software
for the Food and Beverage segment. With over 25 years of industry
experience, AFS provides global solutions and supports 1,100 customers
in more than 40 countries. AFS solutions are utilized by manufacturers,
distributors, sales agencies and third party logistics providers. AFS
has recently launched "Datum," which is an industry "Product Master"
that can serve as the database to support any system. Using GS1 codes as
its base, this database can support images, nutritional specifications
and complex hierarchy management that can update any third party system
automatically. AFS offers deployment flexibility through traditional
licensing or subscription-based programs, from on-premise to cloud-based
on-demand solutions. For additional information, please visit www.afsi.com
or call (602) 522-8282.
About Court Square Capital Partners
Court Square is one of the most experienced teams in the private equity
industry. Since 1979, the team has made over 200 investments, including
several landmark transactions, and has developed numerous businesses
into leaders in their respective markets. Based in New York, Court
Square invests in companies that have compelling growth potential. The
firm manages over $6 billion in aggregate capital commitments, while
focusing on the following four sectors: business services, general
industrial, healthcare and technology/telecommunications. For more
information on Court Square please visit www.courtsquare.com.
About William Blair
William Blair's investment banking group combines significant
transaction experience, rich industry knowledge, and deep relationships
to deliver successful advisory and financing solutions to our global
base of corporate clients. We serve both publicly traded and privately
held companies, executing mergers and acquisitions, growth financing,
financial restructuring and general advisory projects. This
comprehensive suite of services allows us to be a long-term partner to
our clients as they grow and evolve. From 2010 to 2013, the investment
banking group completed 250 merger-and-acquisition transactions worth
more than $52 billion in value, involving parties in 27 countries and
four continents, was an underwriter on more than 20% of all U.S. initial
public offerings, and arranged more than $11.5 billion of debt financing.
About Madison Park Group
Madison Park Group is an investment banking firm focused on advising
technology and business services companies on M&A transactions and
fundraisings. For more information, please visit www.madisonparkgrp.com.
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