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Announced

Completed

Aquiline and ADIA completed an investment in Fullsteam.

Synopsis

Private equity firms Aquiline Capital Partners and Abu Dhabi Investment Authority, completed an investment in Fullsteam, a business management software and payment company. Financial terms were not disclosed. "When we established Fullsteam with Mike and Greg Colella, our M&A leader, our goal was to address and accelerate two significant trends in vertical software: the adoption of business management across the small business economy and the convergence of this core software with merchant payment processing. Today, Fullsteam is emerging as a leading buyer and supporter of vertical software companies driving these two trends in North America. We are delighted to expand our existing relationship with ADIA through this transaction and we look forward to continuing our collaboration with Fullsteam to enhance the day-to-day experiences of its growing customer base," Joe Pappalardo, Aquiline Partner.

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