Investment bank Goldman Sachs has bought out the venture investors in AFS Technologies, which provides software for the food and beverage companies.
In addition, US-based AFS has arranged for senior debt financing from TPG Specialty Lending and Wells Fargo Capital Finance.
This capital will be used to buy out existing investors, Argentum Capital Partners, Garvin Hill Partners (previously CIBC Capital), Ticonderoga Capital and Merion Investment Partners, and finance several strategic acquisitions, including Answers and Synectics Group.
Gene Yoon, managing director of Goldman Sachs, said: "We are looking forward to partnering with the AFS management team to continue to build on the company’s market leadership position."
Harris Williams was the exclusive advisor to AFS.