Formstack Gets More Money as Silversmith Capital Partners Joins Investor Base

Posted on 11/18/2021

Fishers, Indiana-based Formstack is a workplace productivity platform. Launched in 2006, Formstack empowers anyone to quickly and easily build custom forms, create documents, and collect eSignatures—all without code. In 2018, growth equity firm PSG (Providence Strategic Growth Capital Partners L.L.C.) invested in Formstack and helped the company make four acquisitions. Formstack just raised US$ 425 million in a round led by Silversmith Capital Partners and insider PSG.

As part of the transaction, Jim Quagliaroli and Andrew Heim, Senior Associate at PSG, will join Tom Reardon on Formstack’s Board of Directors.

Kirkland & Ellis served as legal counsel to Silversmith Capital Partners; Weil, Gotshal & Manges LLP as legal counsel for PSG and Formstack; and Aeris Partners LLC as the exclusive financial advisor to PSG and Formstack.

Keywords: Providence Equity Partners.

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