Earlier this week, we caught up with Steve Sarracino the founder of the growth-equity firm Activant Capital in Greenwich, Conn., We’d last talked with Sarracino back in early April of last year, as people around the world were being forced into their homes by the pandemic, and his firm was just closing its third fund with $257 million in capital commitments.
As we learned, Activant, which tends to invest in e-commerce infrastructure and payments companies, is now (according to an SEC filing), nearing a close on a fourth fund that has targeted $425 million. It has — like a growing number of other U.S. firms — also opened a new office in Berlin, headed by Max Mayer, a former investor with Global Founders Capital.
We talked a bit about Activant’s growing interest in Europe and what underlies it. We also talked about the velocity of deal-making right now and what Sarracino makes of one of the hottest trends of the year: the many roll-ups of third-party sellers on Amazon. Excerpts from that conversation follow, edited lightly for length.
TC: How long have you been investing in Europe?
SS: A long time. We’d invested in Hybris [an e-commerce company that was …read more
Source: Tech Crunch