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New Deal


Announced

Completed

TA Associates completed the investment in CSI.

Financials

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

Tags

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Completed

Domestic

Single Bidder

Private

Friendly

Acquisition

Private Equity

Majority

financial technology

FinTech

United States

regtech solutions

Synopsis

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TA Associates, a global private equity firm, completed the investment in CSI, a provider of end-to-end financial software and technology. Financial terms were not disclosed. “In our year-long, in-depth review of the core banking market, CSI emerged repeatedly as the leading innovator in its market segments. It’s crucial for community banks to offer solutions that are both user-friendly and highly secure, to effectively serve their customers and keep up with the dynamism of the banking and financial services industries. CSI has devoted several decades to fostering a customer-first operating philosophy, investing in and developing a multi-tenant SaaS cloud solution, and building products that meet the specific needs of community banks. We are enthusiastic about joining forces with Centerbridge and Bridgeport to accelerate CSI’s growth and establish it as a frontrunner in the community banking technology market,” Hythem T. El-Nazer, TA Managing Director.

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