SFW Capital Partners Makes Strategic Investment in Greenshades Software

Francisco Partners and VSS Capital Partners Invest in GreenSlate

February 10, 2023

Cloud & SaaS

Francisco Partners led a strategic growth investment in GreenSlate, a cloud-based payroll and production accounting provider for the entertainment industry, with existing investor VSS Capital Partners reinvesting alongside GreenSlate management. The transaction closed in February 2023; financial terms were not disclosed. VSS realized a portion of its prior stake while continuing as a board participant to support the company’s next phase of product innovation and growth.

WayPoint Capital Partners and GearBox Capital Lead Recapitalization of Greenshades Software

October 4, 2022

Cloud & SaaS

WayPoint Capital Partners and GearBox Capital led an investor group that recapitalized Greenshades Software, with SFW Capital Partners retaining a minority stake. Greenshades, headquartered in Jacksonville, Florida, provides payroll, payroll tax, and HCM software for mid-market employers and will pursue continued product and go-to-market growth under the new ownership group. Terms were not disclosed.

Francisco Partners Makes Strategic Growth Investment in Paradigm

October 13, 2021

Software

Francisco Partners has made a strategic growth investment in Paradigm, the software group that manages PracticePanther, Bill4Time, MerusCase and Headnote, to support product innovation and continued growth. Paradigm, formed by ASG and backed by Alpine Investors, will use the capital and Francisco Partners' software and payments expertise to expand its product suite and accelerate adoption among law firms; the transaction is expected to close in Q4 with terms undisclosed.

Hg Makes c.$1bn Strategic Investment in insightsoftware

July 13, 2021

Cloud & SaaS

Hg’s Saturn 2 Fund will make a c.$1bn equity investment in insightsoftware to become a significant minority shareholder alongside TA Associates, in a transaction valuing the business at an enterprise value of around $4.0bn. The investment will support insightsoftware’s continued scale as a cloud financial reporting and EPM platform, with existing minority shareholders Genstar and ST6 remaining supportive and TA and Hg sharing joint control.

Evergreen Coast Capital Makes Strategic Growth Investment in WorkForce Software

July 1, 2019

Cloud & SaaS

WorkForce Software, a Livonia, Michigan-based provider of cloud workforce management solutions, received a significant equity investment from affiliates of Evergreen Coast Capital, which will become an equal partner with existing majority investor Insight Partners. The growth investment is intended to accelerate international expansion, product innovation, and scale the company’s customer experience; terms were not disclosed.

Francisco Partners Acquires Majority Stake in PayScale

April 25, 2019

Cloud & SaaS

Francisco Partners has made a majority growth investment in PayScale, Inc., valuing the Seattle-based SaaS compensation data and analytics provider at an enterprise value of $325 million. Warburg Pincus is exiting its investment as part of the transaction, and the capital will be used to support PayScale’s product innovation and growth.