Private equity firm Court Square Capital Partners has acquired a majority interest in AFS Technologies, a provider of software solutions for the consumer packaged goods industry.
The 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,” says 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 visualisation solutions in this segment.”
William Blair & Company and Madison Park Group served as co-advisors to AFS Technologies in connection with this transaction. Snell & Wilmer served as legal advisor to AFS Technologies for this transaction.
