Genstar Capital Invests in AffiniPay; TA Associates Retains Stake as Apax Exits
July 17, 2024
Genstar Capital has agreed to make a significant investment in AffiniPay, a provider of practice management software and embedded payments for legal, accounting, and professional services firms. TA Associates will remain a meaningful investor while funds advised by Apax will fully exit; the capital will be used to extend AffiniPay's product suite and accelerate growth across new products and verticals.
- Buyers
- Genstar Capital, TA Associates
- Targets
- AffiniPay
- Sellers
- Funds advised by Apax
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Growth capital
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