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Announced

Completed

GI Partners-backed Togetherwork completed the acquisition of Fonteva.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Completed

ecommerce solutions

software solutions

Single Bidder

Friendly

Majority

United States

Private Equity

Software

Domestic

Synopsis

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GI Partners-backed Togetherwork, integrated software and payments services provider, completed the acquisition of Fonteva, a software company. Financial terms were not disclosed. “I’ve always wanted to find the perfect ‘Forever Home’ for Fonteva, and I’m delighted in having found that in Togetherwork. I first met Neil and his team three years ago, and I’ve come to be impressed with how they help companies they acquire grow and flourish all while keeping true to their mission. The combination of Togetherwork’s resources and product capabilities, particularly in payments, will be a huge win for our customers, our partners, and our employees," Jerry Huskins, Fonteva CEO and Co-founder.

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