Institutional Cash Distributors Status
The company was acquired by Parthenon Capital Partners via an LBO on January 2, 2018. The deal will enable the company to add products, better integrate with strategic partners and release enhancements at a faster pace. Antares Capital ,Stellus Capital Management, Madison Capital Funding and Clubb Capital also participated by providing $87 million of debt financing which includes $77 million as first lien and $10 million as revolving credit facility. Stellus Capital Management also provided an undisclosed amount of second lien.