Capital Flow

23 September 2019 – LondonDevelopment Partners International (“DPI”), a leading pan-African focused private equity firm, is pleased to announce an investment into Channel VAS, the leading fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East. Channel VAS provides Mobile Financial Services, Big Data Analytics and Airtime Credit Services to mobile operators and financial institutions in more than 30 countries, enabling access to micro and nano loans including cash, handsets, airtime and data. Since the business began in 2012, it has helped clients serve hundreds of millions of customers in the region. The company has a track record of delivery to its customers, underpinned by its innovative credit scoring technology, unique data analytics capabilities and proprietary patented credit provisioning platforms. For 2019, Channel VAS is on target to provide over $1.5 billion of credit to hundreds of millions of people globally through its
Tonawanda, NY – September 23, 2019 – Unifrax, a leading global provider of high-performance specialty materials used in thermal management, emission control, batteries, specialty filtration and fire protection applications, backed by Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), today announced it has signed a definitive agreement to acquire the assets of Shenyang JiuQing Dongxiang Glass Product Co. Ltd (“DX”), a leading provider of high-performance specialty fibers in China, from the Li family. Financial terms of the transaction are not being disclosed. “We are very pleased to welcome DX and the products and tradition of excellence built by the Li family as Unifrax continues to strengthen its global leadership position,” said John Dandolph, President and CEO of Unifrax. “The market for microfine glass fibers in the battery and filtration markets is expanding rapidly, and adding complementary capabilities, people, and products in China allows us to better serve our growing base of global
GenNx360 Capital Partners (“GenNx360”), in partnership with the management team and current owners of Schneider Packaging Equipment Company, Inc. (“Schneider” or the “Company”), is pleased to announce its investment in the Company. Schneider is a leader in the design, assembly and manufacturing of end-of-line packaging equipment, primarily automated case packing and palletizing machinery. Serving attractive end markets including food, beverage, healthcare and consumer products, the Company also provides aftermarket parts, support and services. Founded almost 50 years ago, the Company is supported by a team of ~135 associates and is headquartered in Brewerton, New York. “As we advance into our next phase of growth, we are pleased to welcome GenNx360 as our partner in what marks an important milestone in Schneider’s evolution. With deep-rooted operational experience and a strong background in manufacturing, the GenNx360 team brings the expertise that will undoubtedly help us achieve our growth strategy,” said Schneider’s CEO,
SPRINGFIELD, MO – September 4, 2019 – ACS American Construction Source (“ACS”), a leading national building materials platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced the acquisition of Contractor’s Truss Systems (“CTS”), located in Cotter, Arkansas.  CTS, which will continue to operate under its existing brand name, has been a provider of engineered wood products for over 25 years. “Contractor’s Truss Systems joins our other component manufacturing facilities in California, Missouri, and Wisconsin to help our customers complete construction projects on time and under budget,” said James Drexinger, CEO of ACS. “The CTS team looks forward to providing the same personalized and responsive service builders have come to rely upon throughout the Ozarks region for more than a quarter century.” “CTS is excited to join the ACS platform and extend our component manufacturing capabilities beyond our existing customers,”
OTTAWA, ON – September 6, 2019 – An affiliate of Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North American IT services, business services, and industrial companies, and The Pythian Group, Inc. (the “Seller”) today announced that they have completed Mill Point’s acquisition of the Seller’s services division (“Pythian” or the “Company”) in a corporate carve-out transaction. Pythian is a provider of IT services that enable businesses to more effectively use their data and the cloud to transform how they compete and win. “With Mill Point’s involvement as an investment partner, Pythian can now focus on growing our data and cloud services business,” said Keith Millar, President of Pythian. “We’re thrilled to begin this new chapter. Pythian has an impressive data pedigree and with our successful move to embrace Cloud as a core element of our service offerings, we feel that Pythian is well-positioned to tackle
Houston, TX and Santa Monica, CA — August 27, 2019 — Sunbelt Supply (“Sunbelt”), a leading provider of specialty flow control solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Severe Service Specialists (“Triple S”), a provider of services and valves that are engineered to withstand severe applications. Terms were not disclosed. Based in Trussville, Alabama, and with field sales support throughout the Southeastern U.S., Triple S offers specialty flow control solutions for the most demanding industrial applications. Its highly technical sales force supports industries including power generation, refining, and other industrial processes. Toby Hollier, President of Triple S, and the founding team of Triple S will remain with the company. Triple S will continue to go to market under the Triple S brand as part of the Sunbelt network of local service centers and technical sales personnel. Scott Jackson, President and CEO of Sunbelt, said,
September 3, 2019 (Washington, D.C.) – Grain Management, LLC (“Grain”) has completed the sale of its nationwide portfolio of wireless communications assets to American Tower.  Through this transaction, American Tower will acquire approximately 400 towers and other related property interests, comprising one of the largest privately-held wireless portfolios in the U.S. Grain, a leading Washington, D.C.-based private equity firm focused on the global communications sector, strategically built this portfolio of tower assets in tier-two and tier-three markets now benefitting from increased carrier activity and network densification. During Grain’s ownership, the operational and business development initiatives for the sites have been underpinned by the team’s deep industry experience and a disciplined approach to growth and value creation. David J. Grain, Founder and CEO of Grain Management, commented, “Grain’s strategic objective of assembling a portfolio of significant scale poised for future growth has resulted in a sale that realizes substantial value for our limited partners. 
FRANKLIN, WI – August 16, 2019 – An affiliate of Mill Point Capital, a private equity firm focused on middle-market investments in North American industrial and business services companies announced the completion of Mill Point’s previously announced acquisition of the power transformer divisions (“Pioneer Transformers” or the “Company”) of Pioneer Power Solutions, Inc. in a corporate carve-out transaction. Pioneer Transformers is a leading designer and manufacturer of custom-engineered electrical transformers.
ORLANDO, Fla., Aug. 18, 2019 – Grain Management, LLC (“Grain”), a leading Washington, D.C.-based private equity firm focused on the global communications sector, announced today that it has entered into a definitive agreement to acquire from Cable Bahamas Ltd. (“CBL Group”) a majority interest in Summit Vista, Inc., dba Summit Broadband (“Summit”), a fiber-optics telecommunications provider in Florida. “Summit has an impressive history of serving businesses across multiple industries and residential customers in central and southwest Florida communities,” said David Grain, Founder and CEO of Grain Management. “As a global investor in the industry, Grain is poised to partner with Summit in advancing its position as a leading fiber-optic telecommunications provider, and aid in the expansion of these services in an increasingly smart and connected world.” President and CEO of CBL Group, Franklyn Butler, said “CBL Group has undergone tremendous growth over the last six years and the performance of Summit has proved
NEW YORK, NYAUGUST 23, 2019 NexPhase Capital, LP (“NexPhase”), an operationally-focused independent private equity firm, today announced the sale of InsideRE Holdings, LLC (“Inside Real Estate”, “InsideRE” or the “Company”), a leading provider of cloud-based real estate software, to Lovell Minnick Partners. Terms of the transaction were not disclosed. One of the first technology providers in the industry to offer an end-to-end platform with all of the necessary tools to succeed in one place, Inside Real Estate has built, acquired and integrated software solutions that were previously missing in the market. Since partnering with the Company in 2016, NexPhase has worked closely with Ned Stringham, CEO of InsideRE, and the rest of its leadership team to bolster the Company’s position in the residential real estate software sector and grow its impressive platform. With NexPhase’s support, InsideRE integrated a number of highly-complementary businesses, which have greatly expanded the Company’s product suite,