Genstar Capital has agreed to make a significant investment in AffiniPay, a provider of practice management software, integrated payments and embedded fintech for professionals across the legal, accounting and professional services end markets.
Headquartered in Austin, Texas, AffiniPay has more than 500 employees and serves over 245,000 customers through services including: MyCase, CASEpeer and Docketwise, practice management software applications for the legal industry; LawPay, a marquee payments platform for the legal industry; and CPACharge, a payments platform for the accounting industry. TA Associates has been an investor in AffiniPay since 2020 and will continue to retain a meaningful stake in the company. Upon completion of the deal, Apax, which currently holds a minority position in AffiniPay, will fully exit its investment.
Lazard and Raymond James served as financial advisors to AffiniPay and TA. Goodwin Procter LLP provided legal counsel to TA. Ropes & Gray LLP provided legal counsel to Genstar.