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Goldman Sachs leads recapitalisation of Argentum portfolio company AFS

AFS Technologies, Inc.(AFS), a portfolio company of Argentum Capital Partners II, LP (Argentum), Garvin Hill Capital Fund LLC (Garvin), Ticonderoga SBIC, LP, and other institutional shareholders, have completed an equity financing led by Goldman Sachs & Co.

 

AFS is a leading provider of enterprise software solutions for the food and beverage market.

Kurien Jacob, Chief Executive Officer, and the senior management team will continue to lead the company following the investment by Goldman Sachs & Co. Harris Williams & Co acted as the exclusive advisor to AFS. The transaction was led by Jeff Bistrong, Derek Swaim, Sam Hendler and Matt Volinsky.
 
“AFS has established itself as the leading provider of fully integrated enterprise software solutions to the food and beverage industry and is well-positioned for future growth,” says Jeff Bistrong, head of Harris Williams & Co’s Technology, Telecom, & Digital Media (TTDM) Group. “AFS has found an excellent partner in Goldman Sachs to help management continue to grow the business and execute on acquisition opportunities.”

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