FTV Capital Invests $180 Million in LogicSource Inc.

May 12, 2022

Willkie advised FTV in its growth investment in LogicSource.

LogicSource, the leading provider of procurement services and technology solutions, recently announced that Willkie client FTV Capital invested $180 million in the company.

LogicSource expects to use the new funding, announced on April 7, to enhance its services, technology and data offerings, enter new verticals and further invest in client-centric growth initiatives. LogicSource helps companies increase profitability through better buying. By focusing exclusively on the sourcing and procurement of indirect goods and services – which typically represent 20 percent of a company's revenue – LogicSource addresses the area of greatest spending inefficiency within most organizations.

FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing.

The Willkie team was led by partners Gavin Gordon and Dvir Oren, and included partner Jordan Messinger and associates Kevin Kitson and Andrew Gordon.