The Private Equity team has recently advised Cyncly, the new brand name for Compusoft + 2020 and a portfolio company of TA Associates and Genstar Capital, on three bolt-on acquisitions.
Cyncly has acquired:
- all of the outstanding equity of Mozaik Software, LLC, a US-headquartered leading producer of PC-based software products for cabinets, closets and casework. The deal was announced last week and financial terms were not disclosed. For more information, please read the press release here;
- Logicom, the owner of Virtual Worlds, a leading bathroom and kitchen software provider in the UK. The deal was announced last month and financial terms were not disclosed. For more information please read the press release here; and
- Resource and Financial Management Systems Inc., a US-based leading business management software provider serving the flooring market. The deal was announced in July and financial terms were not disclosed. For more information please read the press release here.
Cyncly was created in September of 2022 as the new brand to unite Compusoft, 2020 and their affiliate companies after the two companies merged in 2021. The combined group created a global software powerhouse with over 2,300 employees and 70,000+ customers across 100+ countries. Cyncly brings the best together, providing specialized visualization, sales, manufacturing and content solutions for customers wanting to bring spaces to life and bring life to spaces.
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries — technology, healthcare, financial services, consumer and business services — the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 535 companies around the world. TA has raised $47.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year.
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Together with Genstar X and all active funds, Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrials and software industries.
Goodwin’s London private equity team previously advised TA Associates in its definitive agreement with Genstar Capital to merge Compusoft and 2020 Technologies, respectively, in 2021 and prior to that represented TA on its initial investment in Compusoft in 2018.
The Goodwin teams on the bolt-on transactions included:
Mozaik: Chris Dwyer and David Mansberg (Corporate); Steven R. Argentieri (IP); Jackie Klosek, Richard L. Matheny, Carrie Miller and Gozde Guckaya (Global Trade); Andy Barton and Regina Couto (Benefits); Albert J. Solecki Jr. (Labor & Employment) and Steven E. Clemens (Tax)
Logicom: Carl Bradshaw, Megan Gibson and Ayanda Kweyama (Private Equity); Genevieve Watt, James Taylor, Josephine Jay and Joseph Ndep (Data Privacy); Dulcie Daly and Martin Smith (Real Estate).
RFMS: Chris Dwyer, Nicholas Clarkin (Corporate); Steven R. Argentieri (IP); Jackie Klosek, Richard L. Matheny and (Global Trade); Andy Barton, Regina Couto and Qiuyu (Zoe) Li (Benefits); Albert J. Solecki Jr. (Labor & Employment); Steven E. Clemens (Tax); Ai Tajima (R&W Insurance); and Andrew M. Lacy, Simone Waterbury and Brady P.P. Cummins (Antitrust)