FT Partners Advises SquareTrade on its $238,000,000 Growth Financing
Overview of Transaction
- SquareTrade has entered into an agreement whereby Bain Capital and Bain Capital Ventures, the private equity and venture capital affiliates of Bain Capital, LLC ("Bain Capital"), will invest approximately $238,000,000 in SquareTrade
- SquareTrade is the largest independent warranty provider for consumer electronics and major appliances
- Bain Capital is a global private equity firm with approximately $60 billion in assets under management
- Select previous investments include LinkedIn, SunGard, WorldPay and FleetCor
- The transaction closed in January 2012
- SquareTrade is well-positioned to pursue additional growth opportunities by leveraging Bain's strategic relationships and expertise in consumer-related businesses
- FT Partners served as exclusive strategic and financial advisor to SquareTrade and its Board of Directors
- Transaction highlights FT Partners' ability to rapidly and confidentially execute complex transactions
- FT Partners developed a detailed and comprehensive set of financial materials to highlight the unique value proposition of SquareTrade and to enable efficient and thorough investor diligence