Park Square Capital joins GI Partners
in backing leading
integrated software and payments platform to
fuel next chapter of growth
ATLANTA, July 1, 2024
/PRNewswire/ -- Togetherwork, a leading provider of
mission-critical, integrated software and payment solutions to
groups and organizations, announced today that Park Square Capital
("Park Square") has made a significant minority investment in the
company, joining GI Partners as investors. This investment will
support Togetherwork in building its comprehensive group
management, member engagement, and financial solutions that enable
organizations across multiple verticals to grow revenue, streamline
operations, increase efficiency, and build stronger
communities.
"Togetherwork's mission is to help the communities we serve
thrive, prosper, and grow. Our comprehensive suite of integrated
software and payments solutions enable this for our customers,"
said Neil Platt, Chief Executive
Officer of Togetherwork. "Growing membership and revenue,
streamlining operations, enhancing communications, and simplifying
payments are core to what we do and to the communities we serve. We
have a great partnership with GI Partners and will continue to rely
upon their guidance, and with the addition of Park Square, one of
the world's leading investors in high-quality companies for over
two decades. We look forward to furthering our aspirations and
enhancing our abilities as we begin the next leg of our
journey."
Martino Ghezzi and Adam Kornbluh, Partners at Park Square,
commented, "Togetherwork is the type of high-quality company which
we like to partner with: it's a defensible, market-leading software
provider with a significant runway for continued growth. Its
software solutions help various organizations address the
challenges of efficiently operating a community and elevating its
purpose. We are excited to partner with GI Partners and the
Togetherwork team in supporting the future growth of the
business."
"Togetherwork has increased its revenue approximately fourfold
since our original investment in 2018 and we are energized by
the growth opportunities for the company to serve its customers
with market leading technology," said Travis Pearson and Sendil Rajendran, GI Partners' Managing
Directors. "We look forward to this new partnership with the Park
Square team and are excited about the direction the Togetherwork
leadership is taking the company."
Kirkland & Ellis acted as legal advisor, and William Blair acted as financial advisor, to GI
Partners and Togetherwork, and Fried Frank served as legal counsel
to Park Square.
About Togetherwork
Togetherwork is a leader in software and payments for
member-based organizations, helping them grow, become more
efficient, increase revenues, and provide excellent service to
their members and constituents. To learn more about us, please
visit: www.togetherwork.com.
About Park Square Capital
Park Square Capital is a leading private
credit manager, providing senior debt, mid-market
direct loans, junior debt, and structured equity to private
equity-backed companies in Europe
and the US. The firm has a selective, long-term and flexible
investment approach, aimed at delivering attractive risk-adjusted
returns across market cycles. Park Square has invested more than
$25 billion since 2004, and currently
manages $15.7 billion of capital on
behalf of its investors, which include global public and private
pension funds, sovereign wealth funds, insurance companies, family
offices, and asset managers. Park Square has more than 120 staff,
with nine offices including London, New
York, Frankfurt,
Paris, Stockholm, Seoul, and Tokyo.
For more information, please
visit www.parksquarecapital.com.
About GI Partners
Founded in 2001, GI Partners is a private investment firm with
over 170 employees and offices in San
Francisco, New York,
Dallas, Chicago, Greenwich, Scottsdale, and
London. The firm has raised more
than $43 billion in capital and
invests on behalf of leading institutional investors around the
world through its private equity, real estate, and data
infrastructure strategies. The private equity strategy invests
primarily in companies in the healthcare, services, and software
sectors. The real estate strategy focuses primarily on technology
and life sciences properties as well as other specialized types of
real estate. The data infrastructure strategy invests primarily in
hard asset infrastructure businesses underpinning the digital
economy. For more information, please
visit www.gipartners.com.
Media Contacts
For Togetherwork
Jake Fabbri
jfabbri@togetherwork.com
For GI Partners
Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
chris@tofallipr.com
Gretchen Robinson
Investor Relations
pr@gipartners.com
For Park Square Capital
Bree Taylor
Teresa Berezowski
Greenbrook
parksquare@greenbrookadvisory.com
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SOURCE GI Partners