Genstar Capital and TA Associates announced a significant investment in AffiniPay, a leading provider of practice management software and integrated payments for the legal, accounting, and professional services sectors. This investment signifies a new era of expansion for AffiniPay, headquartered in Austin, Texas, with a workforce of more than 500. AffiniPay provides industry-specific solutions including MyCase, CASEpeer, and Docketwise for the legal industry, LawPay for legal payments, and CPACharge for accounting payments to over 245,000 customers. With this investment, AffiniPay aims to enhance its suite of practice management software and embedded fintech solutions, continuing its commitment to innovation and excellence.
Genstar Capital, a San Francisco-based private equity firm with approximately $49 billion in assets under management, has a long history of investing in industry-leading vertical software and payments companies. TA Associates, a global private equity firm with $65 billion raised to date, has been an investor in AffiniPay since 2020 and will retain a significant stake in the company. The investment by Genstar and the continued support from TA underscore AffiniPay's strong market position and growth potential. Lazard and Raymond James served as financial advisors to AffiniPay and TA, with legal counsel provided by Goodwin Procter LLP and Ropes and Gray LLP for Genstar.
