William Blair Advises AFS Technologies

Friday, February 28, 2014

William Blair acted as financial advisor to AFS Technologies, Inc., a portfolio company of Goldman Sachs’ Private Capital Investing Group and ABRY Partners, in connection with its sale to Court Square Capital Partners. The transaction closed on February 18, 2014 and demonstrates William Blair’s ability to expeditiously run a competitive M&A process that results in a premium valuation.

Transaction Highlights

  • Trusted guidance throughout competitive process: William Blair’s senior deal team conducted a highly competitive and accelerated process, resulting in a premium valuation that exceeded original indications of value.

  • Landmark vertical software transaction: The transaction represents William Blair’s 35th software M&A transaction since 2010, adding to William Blair’s extensive M&A experience in serving premier vertically focused software companies.

  • Financial sponsor identification and access drove efficient process: William Blair’s relationships and experience with software-focused financial sponsors was critical in identifying optimal potential partners for management.

  • Platform investment in market leader for CPG supply chain software: AFS Technologies is a platform acquisition for Court Square, which has years of experience creating market leaders through organic growth and acquisitions. AFS Technologies has a history of strategic acquisitions, with 10 completed since 2006, and is poised for continued growth both organically and inorganically.

About the Companies

AFS Technologies is the leading provider of 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. AFS Technologies’ software is used by many of the world’s largest consumer products manufacturers, distributors, sales agencies, and third party logistics providers.

Goldman Sachs’ Private Capital Investing Group, a division of Americas Special Situations Group (AmSSG), provides capital to middle market companies to accelerate organic growth, facilitate acquisitions, refinance existing credit facilities or provide liquidity to current investors.

ABRY Partners is a private equity investment firm focused solely on media, communications, and business and information services investments. Since 1989, ABRY has completed over $36 billion of leveraged transactions and other private equity investments involving over 450 properties.

Court Square Capital Partners has made over 200 investments, including several landmark transactions and has developed numerous businesses into leaders in their respective markets. The firm manages over $6 billion in aggregate capital commitments while focusing on the following sectors: business services, general industrial, healthcare, and technology/telecommunications sectors.

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