May 25, 2023

On May 25, Willkie clients Aquiline Capital Partners LLC and Fullsteam LLC, a leading provider of integrated business management software and payments to customers across the Main Street economy, announced that Fullsteam has received a significant new investment from founding sponsor Aquiline and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as well as a consortium of other investors. Aquiline will remain as the lead investor in Fullsteam and ADIA will become a significant minority investor. 
This infusion of capital will enable Fullsteam to enter its next phase of expansion, building upon its rapid organic growth and a portfolio of 70 acquisitions to date.
Fullsteam is a leading payments and software company headquartered in Auburn, Alabama, providing streamlined payments infrastructure and enhanced operational support to better serve customers. Fullsteam is actively seeking further acquisitions across multiple software verticals. 
Willkie previously advised Aquiline on the launch of Fullsteam in 2018 and in connection with a minority investment in Fullsteam from Sixth Street in 2021. 
Aquiline Capital Partners LLC is a private investment firm based in New York and London investing in companies across financial services and technology, healthcare and business services. The firm has $9.9 billion in assets under management as of March 31, 2023. 
Established in 1976, the Abu Dhabi Investment Authority is a globally diversified investment institution that invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.
The Willkie team was led by partners Jeffrey Poss, Thomas Sharkey and Larissa Marcellino and included associates Christian Bonser, Andrew Marmer and John-Daniel Kelley.