Francisco Partners, a global investment firm focused on partnering with technology businesses, has made a strategic growth investment in GreenSlate, a provider of payroll and production accounting services for the entertainment industry. The firm acquired the equity from VSS Capital Partners which originally invested in the firm in 2018.
Established in 2004, GreenSlate offers a service in which production accountants can track production expenses and pay their staff. The company provides production accounting software, paperless payroll processing and digital workflow services. The new investment and partnership with Francisco Partners aims to help GreenSlate advance its service. As part of the transaction, VSS Capital Partners will make a new equity investment into GreenSlate.
“The GreenSlate platform is highly differentiated in its category and is uniquely positioned to help content producers streamline their financial workflows and better leverage their data,” comments Kevin Wei, principal at Francisco Partners. “We are very excited to partner with GreenSlate to continue to extend its technology leadership in the industry.”
American Discovery Capital served as financial advisor and Ropes & Gray LLP served as legal advisor to GreenSlate. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser to Francisco Partners.