Tag Archives: Data

Arcadia Raises $125 Million in New Financing from Vista Credit Partners

Vista Equity

Investment to Accelerate Platform Innovation and Company Growth; Further Establish Leadership Position in Healthcare Data Analytics

BOSTON–(BUSINESS WIRE)–Arcadia (Arcadia.io), a leading data analytics platform for healthcare, today announced $125 million in financing from Vista Credit Partners, the credit-lending arm of Vista Equity Partners and a strategic investor and financing partner focused on the enterprise software, data and technology market. The investment will accelerate Arcadia’s platform innovation and go-to-market strategy to meet the growing demand from leading healthcare organizations to aggregate and analyze data from across disparate systems for business efficiencies and improved patient care.

“Arcadia’s mission is to inform better healthcare decisions by unlocking the power of the vast amount of data that is captured in modern healthcare delivery and operations,” said Michael Meucci, CEO, Arcadia. “Vista Credit Partners is the preferred partner to help us achieve our goals, providing new financing and access to the broader Vista ecosystem which holds deep expertise and resources for scaling HealthTech and enterprise software businesses. We look forward to further investing in our platform, our service delivery and customer relations to solidify our position as the leading data platform for healthcare organizations.”

Arcadia helps providers and health plans deliver actionable insights to advance care and research, drive strategic growth, and ensure financial success. The past year included several important milestones for Arcadia, including:

  • Inclusion on Inc. 5000’s 2022 Fastest Growing Private Companies list, reflecting 99% revenue growth over three years;
  • Achieving 35%+ ARR growth in 2022 by continuing to build and expand relationships with the top payers and providers in the U.S.;
  • Growing total active unique users of the Arcadia Analytics platform by 50% in nine months; and
  • Saving customers more than $1.3 billion through Arcadia’s Medicare Shared Savings Program (MSSP) service.

“Vista Credit Partners invests in innovative software businesses with established market leadership, providing non-dilutive credit solutions and counsel to help them achieve their next phase of growth,” said David Flannery, President, Vista Credit Partners. “Arcadia is an exciting investment as its platform serves as a mission-critical tool for blue-chip national health systems, hospitals, and health plans, helping them drive ROI by delivering actionable intelligence that enables strategic growth and financial success in pursuit of better health outcomes. We’re thrilled to partner with Michael and the entire Arcadia team and support the Company’s continued growth and success.”

In addition to business growth and platform adoption, Arcadia has been consistently recognized for outstanding customer satisfaction and company culture, earning Best in KLAS in Value-Based Care Managed Services for five consecutive years and being named to Built In’s 100 Best Places to Work in 2023 in Boston and Chicago.

About Arcadia

Arcadia is dedicated to happier, healthier days for all. We transform data into powerful insights that deliver results. Through our partnerships with the nation’s leading health systems, payers, and life science companies, we are growing a community of innovation to improve care, maximize value, and confront emerging challenges. For more information, visit arcadia.io.

About Vista Credit Partners

Vista Credit Partners (VCP) is the credit-investing arm of Vista Equity Partners and is a strategic investor and financing partner focused on the growing enterprise software, data, and technology market. VCP employs a highly disciplined approach to credit investing while maintaining flexibility to pursue investments offering the best relative value and investing across the capital structure. Since formation in 2013 and as of December 31, 2022, VCP has deployed over $9.7 billion and grown to over $6.6 billion of assets under management. For more information, please visit www.vistaequitypartners.com.

Vista Credit Partners offers solutions tailored to strategic objectives with growth-friendly terms and long-term investment horizons across both the private and broadly syndicated markets, sourcing deals directly from founder-led companies, through sponsor relationships, and from its deep network of experts, advisors and other intermediaries to support growth and unlock value through creative capital solutions and operational partnership. Vista Credit Partners has completed more than 495 software and technology transactions since inception.

Contacts

Media
For Arcadia:
Isaac Sheinkopf
isheinkopf@sloanepr.com
212-446-1890

For Vista Credit Partners:
Brian W. Steel
media@vistaequitypartners.com
212-804-9170

Arcadia

Contacts

Media
For Arcadia:
Isaac Sheinkopf
isheinkopf@sloanepr.com
212-446-1890

For Vista Credit Partners:
Brian W. Steel
media@vistaequitypartners.com
212-804-9170

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Hazy raises $9m to power synthetic data usage in enterprises

AlbionVC

We are thrilled to share that Hazy, the leading synthetic data disruptor, announced today that it has raised $9 million in Series A funding round backed by UCL Technology Fund, including investors Conviction, M12 (Microsoft), Wells Fargo, Nationwide Building Society, ACT Venture Partners, Terra VC, Evenlode, Logo Ventures, Sarus Ventures and Neva SGR, the Intesa Sanpaolo bank venture capital company.

Originally a UCL AI spin out, London-based Hazy uses AI-generated smart synthetic data that preserves the statistical quality of the real data but contains no real information and therefore eliminates the privacy risk. Hazy’s synthetic data can be used as a drop-in replacement for real data with AI/ML development, software testing and data commercialisation use cases.

“The response from businesses to the capabilities of synthetic data has been huge. Enabling our customers to access and actually use their data unlocks real commercial value… we’re very excited to be right at the forefront of the synthetic data revolution.”

HARRY KEEN, CO-FOUNDER & CEO, HAZY

Hazy’s meteoric rise began with winning the $1 million Microsoft Innovate AI prize for the best AI startup in Europe, and has gone from strength to strength since. Customers include Nationwide Building Society, Vodafone Group and Wells Fargo. This raise will enable Hazy to continue to grow within the banking and telecom sectors in the UK, Europe and the US.

Having worked with Harry for many years now, David Grimm, Investment Director, UCL Technology Fund said:

“Generative AI has only recently exploded onto everyone’s radar, but Hazy has been pioneering the use of this type of AI to keep personal data safe for some time now.”

DAVID GRIMM, INVESTMENT DIRECTOR, UCL TECHNOLOGY FUND

More on UKTN here.

More from Hazy’s CEO, Harry Keen here.

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Mentha invests in Amsterdam Data Collective to support international growth strategy

Mentha

Mentha enters into a partnership with Amsterdam Data Collective (ADC). The integrated data science consultancy is among the fastest growing companies in the Netherlands and will accelerate their international growth ambitions starting with the merger with DAMVAD Analytics.

Since 2017, the team at Amsterdam Data Collective have helped organisations become more data-driven, particularly within the financial, healthcare, and public sectors. ADC has since grown to more than 80 employees by focusing on sector specialisation and refining a collective company culture of people who share a common goal of making a positive impact with data science. The FD Gazellen Awards 2022 marked the success of ADC’s collective culture, ranking the company among the top 20 fastest growing companies in the Netherlands for two years in a row. Next to that, ADC received multiple Great Place to Work certifications based on employee surveys.

ADC’s international expansion strategy started in 2022 with the opening of an office in Copenhagen. As part of the partnership with Mentha, ADC is now able to accelerate its expansion plans in the Nordics by merging with DAMVAD Analytics, a data science consultancy based in Denmark and Sweden. The DAMVAD Analytics team consists of around 30 consultants and has a strong presence in pharmaceuticals, financial services, the public sector, and philanthropy.

“Following the opening of the Amsterdam Data Collective office in Copenhagen, the investment by Mentha provides ADC with the opportunity to accelerate growth in the Nordics and merge with DAMVAD Analytics. We look forward to take the next steps in our international growth story with Mentha and believe the added diversity and expertise of the enlarged ADC team will lead us to create better solutions with more impact”, says Rik van der Woerdt, Co-Founder and CEO of Amsterdam Data Collective.

With a team of more than 110 experts in data strategy, data engineering, data science and data visualisation, ADC is able to offer a complete Data-Driven Organisation proposition to the market. ADC aspires to become a leading data science agency on a European scale and, as part of the collective company culture, the broader employee base will be shareholders alongside Mentha in this growth journey.

Dirk Vriend, Investment Director at Mentha: “We value ADC for its collective culture and their drive to use data science to make a positive impact. Together with the enterprising team, we expect to continue ADC’s strong growth track by attracting and retaining talent, developing innovative integrated data science solutions and accelerating expansion through an international buy-and-build strategy.”

About Mentha

Headquartered in Amsterdam and founded in 2006, Mentha is an independent private equity firm active at the lower end of the mid-market. Mentha invests in established, mid-sized and profitable companies with clear opportunities for growth along multiple avenues, such as organic growth, expansion in new markets or through buy-and-build. The entrepreneurial team is a strong collective of investment professionals, with solid financial and operational business experience. Mentha likes to team up with entrepreneurs and enterprising management teams to jointly realise ambitious growth plans. With its companies, Mentha seeks an active approach that is based on true entrepreneurship, growth acceleration and transformation, and is spurred by the human factor and sustainability.

About Amsterdam Data Collective Amsterdam Data Collective (ADC) is an integrated data science agency. The European consultancy helps organisations become data driven through data strategy, data engineering, data science, and data visualisation. ADC perceives data as part of a bigger whole that includes people, management, cultures, processes, and technology to make data work for organisations. ADC believes their collective culture is the key to success, because people thrive in a well-connected group. For more information: https://amsterdamdatacollective.com

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DIF Capital Partners acquires US-based data center provider Tonaquint

DIF Capital Partners is pleased to announce that it has signed an agreement to acquire Tonaquint Data Centers, a leading data center provider in the Mountain West region in the United States, headquartered in St. George, Utah. Tonaquint’s management continues to hold a minority stake. The investment will be done through DIF’s core-plus CIF III fund.

Tonaquint is a colocation and cloud service provider with operations in St. George, Utah and Boise, Idaho. The company offers a comprehensive set of critical infrastructure products and services and is active in a fast-growing segment of the digital industry. The acquisition will enable Tonaquint to continue its growth, enhancing its existing facilities and expanding its service offering.

Tonaquint is mainly focusing on high growth smaller markets, which are not as well serviced by other major data center operators. It serves a well-diversified and growing client base in the technology, healthcare, financial services, and industrial sectors.

DIF data center operating advisor Michael DeVito will be joining the Tonaquint management team to further build out the company in North America.

Willem Jansonius, partner and Head of CIF at DIF Capital Partners, commented: “Given the rapid growth of the private cloud market, Tonaquint’s product offering is right where the opportunities are. Now and in the years to come. Our investment will enable Tonaquint to further build towards a leading North American data center platform. The acquisition fits DIF’s ambition to further grow in the digital infrastructure space in North America and beyond by investing in small to medium-sized businesses. That’s exactly why we already started expanding our capabilities and expertise in the sector a few years ago.”

Matt Hamlin, co-founder and CEO of Tonaquint said: “Working with the DIF team has been such a great experience. A very experienced team and a good strategic fit as they will be able to help our management team grow Tonaquint as we have envisioned in our overall business strategy. Our goals still remain the same: provide our customers with the best infrastructure and match it with the best client experience. That’s who we are.”

Philip Daley, co-founder and COO of Tonaquint added: “Tonaquint’s ability to build and maintain quality data centers and cloud services is now enhanced by DIF’s ability to bring additional capital and expertise in digital infrastructure. We look forward to expanding our footprint and services throughout the United States.”

Bank Street Group LLC served as exclusive financial advisor to Tonaquint in connection with this transaction. Agentis Capital served as an exclusive financial advisor to DIF.

 

About Tonaquint

Tonaquint is a leading data center provider which operates two data center facilities in St. George, Utah and Boise, Idaho. Tonaquint was founded in 2008, and entered into the Boise market in 2020 with the acquisition of Fiberpipe Data Centers, Inc. The company provides data center services to over 250 customers across its two facilities. Tonaquint provides a robust product suite including colocation, cloud services (including secure and compliant hosting for infrastructure), disaster recovery, and backup as a service, as well as ancillary network and managed services. Tonaquint has achieved strong success within its existing markets, leveraging a sales strategy focused on developing local relationships to build to a longstanding customer base.

For more information please visit www.tonaquint.com.

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with more than EUR 15 billion of AUM. DIF was founded in 2005 and has built a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds, of which DIF VII is the latest fund in the series, invest in lower risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital, energy transition and sustainable transportation sector.

With a team of over 200 professionals in 11 offices, DIF Capital Partners offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information please visit www.dif.eu.

 

Contact DIF: Diederik Heinink, d.heinink@dif.eu

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Francisco Partners Completes Acquisition of IBM’s Healthcare Data and Analytics Assets;

Truewind

Launches Healthcare Data Company Merative

Merative will deliver industry-leading data and technology across the healthcare value chain

SAN FRANCISCO, CA – June 30, 2022 – Francisco Partners, a leading global investment firm that
specializes in partnering with technology businesses, today announced that it has completed the
acquisition of healthcare data and analytics assets that were part of IBM’s (NYSE: IBM) Watson Health
business, previously announced in January.

Under the ownership of Francisco Partners, the new standalone company will be called Merative and will
be headquartered in Ann Arbor, Michigan.

Merative brings together market-leading offerings that deliver value across the global healthcare
ecosystem, serving clients in life sciences, provider, imaging, health plan, employer, and government
health and human services sectors.

Seasoned healthcare CEO Gerry McCarthy has been tapped to lead the new organization. McCarthy has
been in healthcare information technology for 30 years, most recently serving as CEO of eSolutions, a
Francisco Partners portfolio company, which exited to Waystar in October 2020. Prior to eSolutions,
Gerry was the President of TransUnion Healthcare and an executive at McKesson.

“Merative has market leading products, top clients and talented leadership,” said McCarthy. “With the
commitment, support and deep experience of Francisco Partners, we will invest heavily in expanding the
reach of these products as we continue to work with clients to improve healthcare delivery, decision
making and performance.”

Paul Roma, General Manager of the Watson Health business, will be transitioning to Senior Advisor to
Francisco Partners. McCarthy said, “Paul has been instrumental in driving crucial transformation of the
business. His relentless focus on customers has laid a solid foundation to build on, and we thank him for
his leadership.”

Merative’s products will be organized into six product families, including Health Insights; MarketScan;
Clinical Development; Social Program Management and Phytel; Micromedex, and Merge Imaging
solutions. Francisco Partners’ investment will provide Merative with significant resources and
opportunities for new investment, acquisitions, partnerships, and growth.

“Francisco Partners is excited about the opportunity to partner with the team and employees at Merative
to help them achieve their mission, bringing technology and expertise to clients across healthcare through
industry-leading data and analytics solutions,” said Ezra Perlman and Justin Chen of Francisco Partners.

“We appreciate IBM’s work in developing this business, and our ownership will help Merative drive
crucial focus in executing on organic and inorganic growth strategies.”

True Wind Capital and Sixth Street are investing in Merative. True Wind Capital is a San Francisco-based
private equity firm focused on investing in leading technology companies, and the team has a longstanding track record of partnering with healthcare businesses. Sixth Street is a global investment firm
that uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes
and offer solutions to companies across all stages of growth.

Deutsche Bank served as exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to
Francisco Partners.

About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and
technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in
over 400 technology companies, making it one of the most active and longstanding investors in the
technology industry. With more than $45 billion in assets under management, the firm invests in
opportunities where its deep sectoral knowledge and operational expertise can help companies realize
their full potential. For more information on Francisco Partners, please visit www.Franciscopartners.com.

About Merative
Merative is a data, analytics and technology partner for the global health industry – including providers,
payers, life sciences companies and governments. With trusted technology and human expertise, the
company works with clients to drive real progress. Merative helps clients orient information and insights
around the people they serve to improve healthcare delivery, decision making and performance. Formerly
IBM Watson Health, Merative became a new standalone company under Francisco Partners’ ownership in
2022. Learn more at www.merative.com.

Media Contacts

For Francisco Partners & Merative:
Whit Clay
wclay@sloanepr.com

Sarah Braunstein
sbraunstein@sloanepr.com

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EcoVadis secures $500M investment to usher in new era of sustainability-led business decisions

CVC Capital Partners

Investment led by Astorg and BeyondNetZero, General Atlantic’s climate investing venture; ratings and insights leader leverages sustainability intelligence to fundamentally transform supply chains, private equity, ESG-linked loans, climate impact and more

EcoVadis, the leading provider of globally trusted business sustainability ratings, has raised $500M with plans to accelerate its vision of influencing every business decision with sustainability intelligence, becoming a sustainability impact unicorn.

The global investment round – the largest equity fundraising for a sustainability data SaaS company to date – brings EcoVadis’ total capital raised to over $725M and was led by Astorg and BeyondNetZero, General Atlantic’s climate investing venture, with participation from Singapore-based GIC Private Limited and Princeville Capital.

“This investment is validation of EcoVadis’ model for scaling impact across global value chains, despite the pandemic, geopolitical or financial headwinds,” said Frédéric Trinel, co-founder and co-CEO of EcoVadis. “We continue to experience record demand as more companies are empowered to integrate the planet and society into their business operations. We expect this investment to enable us to build on our traction to meet companies – including SMEs and private companies – at any stage of their sustainability journey, and collaboratively drive improvement in practices and impact at scale.”

More than 95,000 businesses across 200 industry categories and 175 countries rely on EcoVadis to monitor and improve the sustainability performance of their own business and trading partners. Today, EcoVadis – a pioneer in the use of sustainability intelligence in procurement and global supply chains – is used across a growing number of use cases, including Scope 3 carbon emissions management, private equity, ESG-linked loans, supply chain finance, third-party risk and resilience and more.

“We invest in companies that have the potential to combat climate change at scale,” said Rhea Hamilton, Managing Director at BeyondNetZero. “We believe EcoVadis has all the critical elements to make global impact and a meaningful contribution to the net zero transition, including a high-quality business model, strong leadership, innovative technology and a bold vision for driving ESG-oriented transformations across supply chains and industries. We are excited to back EcoVadis as the company enters a new phase of growth and look forward to partnering with its management team as we aim to further accelerate the company’s global expansion and climate impact.”

EcoVadis continues to experience rapid growth across its global customer base and network. Over the past 12 months, EcoVadis’ revenue grew 50% and its global workforce reached 1300 employees, 15,000 companies engaged with EcoVadis’ new Carbon Action Module, and it achieved more than 500,000 companies screened using EcoVadis IQ.

In addition to its own growth, EcoVadis has become a partner of choice in bringing sustainability intelligence into all key business decision points across its ecosystem of enterprise, procurement, financial and risk management platforms. Building on EcoVadis’ existing partnerships with Microsoft, SAP, Celonis, Coupa, Taulia and 40 others, this investment positions the company to scale impact and positively influence decision-makers around the world.

“We have tracked EcoVadis for many years and have been impressed with its strong leadership position and track record of fast global growth”, said Benoit Ficheur, Partner at Astorg. “Further, Astorg has been the first private equity client of EcoVadis, using its services to assess and measure our portfolio companies’ ESG performance and to raise sustainability-linked financing. This partnership has had a transformative impact across our portfolio, contributing to making Astorg one of the leaders in ESG and sustainability across the private equity world. Going forward we see very meaningful opportunities to support the company in its ambition to become the standard for private equity and finance”.

Previous funding rounds have included investments from CVC Growth Partners II (“CVC GrowthPartners”) in January 2020 and Partech in 2016, as well as a participation from Bain & Company in February 2020. CVC Growth Partners, the growth-oriented middle-market technology investment arm of CVC Capital Partners, remains the largest institutional shareholder in the business.

EcoVadis plans to leverage the funds to accelerate its global scale-up, deepen its artificial intelligence and machine learning capabilities, make strategic acquisitions and fulfill its vision as a purpose-led company.

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CVC Credit provides PEI Media with facilities to support its continued strategic development

CVC Capital Partners

CVC Credit provides PEI Media with facilities to support its continued strategic development

14 Jun 2022

CVC Credit is pleased to announce that it has provided further debt facilities to PEI Media (“PEI”), the global provider of insight, market data and business conferences for alternative assets professionals. The new facilities include both senior and acquisition financing and will support the company’s ongoing strategic development.

CVC Credit has supported PEI since 2018, when it financed Bridgepoint Development Capital’s acquisition.

Founded in 2001 and headquartered in London, PEI provides alternative asset management professionals globally with news, analysis, data, marketing solutions, as well as must-attend events and conferences. In 2018, the business partnered with Bridgepoint Development Capital to further its growth ambitions and over the last four years has, significantly grown revenues and profits.

CVC, having supported Bridgepoint with the acquisition of PEI, was identified as the preferred lender and was able to quickly offer a solution tailored to the company’s size and strategic position. The facilities provided have been designed to facilitate the company’s next phase of growth and have factored in sustainability considerations through the inclusion of an ESG margin ratchet.

Simone Zacchi, Managing Director at CVC Credit, commented: “Since partnering with Bridgepoint, PEI Media has proven itself an innovative and resilient company, with the capability and drive to meet the needs of its fast-growing market. We look forward to continuing to support their ongoing development.”

John Empson, Partner & Co-Head of Private Credit at CVC Credit, added: “Our approach, is to build trusted partnerships and to provide bespoke solutions. This allows us to develop deep long term relationships with experienced sponsors and management teams as they define and execute their strategies to deliver great performance and growth in the companies they manage and advise.”

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Why We Invested in Grata

Craft Ventures

 

We’re pleased to announce that Craft Ventures is leading the
$25 million Series A round for Grata, the leading private company intelligence engine. I’ve gotten to know co-founders Andrew and Nevin over the last two years and am excited to join them on the Board of Directors.

When we first met Grata, they were a scrappy team that was bootstrapping a solution to a problem they suffered from in their previous jobs in private equity and management consulting: the opacity of information available about companies in the middle market. This is an often overlooked but meaningful segment of the market. The middle market is bigger than most people realize and a lot of groups care about it: corporates, private equity funds, bankers, hedge funds, family offices, to name a few. And yet — no other data providers focus on the middle market because it’s hard: millions of companies, high volume of changes and little information readily accessible.

No other data providers focus on the middle market because it’s hard: millions of companies, high volume of changes, and little information readily accessible.

Before Grata, dealmakers would turn to Google to manually search for companies. And since the results were noisy, teams of analysts would go website by website to discover and decipher company credentials. Databases such as Dun & Bradstreet with their broad categories and stale information didn’t address their needs. What’s more, private company data is dominated by companies who had a transaction event: Pitchbook and Crunchbase report on public and private company funding news. But who covers the middle market companies who are bootstrapped or outside of the tech ecosystem and media spotlight? They account for 50% of US GDP.

Who covers the middle market companies who are bootstrapped or outside of the tech ecosystem and media spotlight? They account for 50% of US GDP.

Grata has created a highly automated technology system that ingests this thorny problem and produces an easy to access, new source of truth for all dealmakers that care about the middle market. It uses proprietary machine learning and web crawling practices to read contextual information on the web and understand how a company describes its business. The Covid pandemic thrust many businesses online out of necessity, helped by a new economy of no-code website builders, which makes Grata’s sourcing practice even more potent. Its automated way of collecting and interpreting data is scalable and supported by their team of highly technical data scientists and engineers.

That scrappy team I met two years ago now has millions in revenue, and is growing 20% month-over-month driven by the value they bring to the dealmakers they serve. Please welcome us in congratulating the Grata team. They’re hiring! You can see their jobs page here.

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Onex Partners to Invest in Analytic Partners

Onex

Toronto, ON, New York, NY, February 8, 2022 – Onex Corporation (“Onex”) (TSX: ONEX)
today announced that Onex Partners V, Onex’ $7.2 billion fund, has agreed to make a significant
investment in Analytic Partners, Inc. (“Analytic Partners” or the “company”) in partnership with
the company’s founder.

Analytic Partners is a leading cloud-based, managed software platform which helps global F1000
customers assess marketing spend effectiveness and optimize future allocations across offline and
online media channels. Founded in 2000 and headquartered in Miami, Florida, Analytic Partners
deploys its solutions, supported by a proprietary longitudinal dataset, across 55 countries with
approximately 270 employees throughout 14 offices globally. In The Forrester Wave™:
Marketing Measurement and Optimization Q1 2022 report, Analytic Partners was named a Leader
and was top ranked in the Strategy category among all evaluated vendors.

“We are delighted to add the intellectual and financial firepower of Onex Partners to Analytic
Partners to further accelerate our growth,” said Nancy Smith, Founder, President and CEO of
Analytic Partners. “Our partnership with Onex Partners aligns perfectly with our core values of
People, Passion and Growth. Through our employee equity plan I am proud to announce that
every member of our team will benefit from this investment. Our customers, who are the
motivation for our Passion, will also benefit greatly as our partnership with Onex Partners will
further accelerate our technology leadership, drive more innovation, and help us deliver the
solutions our clients need to Adapt, Evolve and Thrive in a rapidly changing marketing landscape.
This is a true win/win/win for our customers, our team and our partners.”
“We feel incredibly privileged that Nancy has chosen us as her partner to continue building
Analytic Partners. The company’s GPS Enterprise managed software solution, supported by its
proprietary ROI Genome dataset and analytical capabilities, have allowed Analytic Partners to
provide a compelling value proposition to its customers and we expect this to continue,” said Kosty

Gilis, a Managing Director at Onex Partners. “We are extremely enthusiastic about the company’s
prospects as the need to accurately assess the effectiveness of marketing campaigns will continue
to grow which, combined with the opportunity to further leverage Analytic Partners’ capabilities
across a wider range of end markets and geographies, presents a compelling value creation
opportunity over the coming years.”
The transaction is anticipated to close later this year subject to customary closing conditions. The
terms of the transaction are not being disclosed at this time.

On this transaction, Goldman Sachs & Co. LLC acted as exclusive financial advisor and Willkie
Farr & Gallagher LLP acted as legal counsel to Analytic Partners. Latham & Watkins LLP acted
as legal counsel to Onex Partners.

About Onex
Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional
investors and high net worth clients from around the world. Onex’ platforms include: Onex
Partners, private equity funds focused on mid- to large-cap opportunities in North America and
Western Europe; ONCAP, private equity funds focused on middle market and smaller
opportunities in North America; Onex Credit, which manages primarily non-investment grade debt
through tradeable, private and opportunistic credit strategies as well as actively managed public
equity and public credit funds; and Gluskin Sheff’s wealth management services. In total, as of
September 30, 2021, Onex has approximately $47 billion of assets under management, of which
approximately $7.9 billion is its own investing capital. With offices in Toronto, New York, New
Jersey, Boston and London, Onex and its experienced management teams are collectively the
largest investors across Onex’ platforms.
Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more
information on Onex, visit its website at www.onex.com. Onex’ security filings can also be
accessed at www.sedar.com.

About Analytic Partners
Analytic Partners is the leading cloud-based, managed software platform which provides adaptive
solutions for deeper business understanding and right-time planning & optimization for marketing
and beyond. We turn data into expertise so that our clients can create powerful connections with
their customers and achieve commercial success. For more information on Analytic Partners, visit
its website at www.analyticpartners.com.

Forward-Looking Statements
This press release may contain, without limitation, statements concerning possible or assumed
future operations, performance or results preceded by, followed by or that include words such as
“believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of
similar connotation, which would constitute forward-looking statements. Forward-looking
statements are not guarantees. The reader should not place undue reliance on forward-looking
statements and information because they involve significant and diverse risks and uncertainties
that may cause actual operations, performance or results to be materially different from those
indicated in these forward-looking statements. Except as may be required by Canadian securities
law, Onex is under no obligation to update any forward-looking statements contained herein
should material facts change due to new information, future events or other factors. These
cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information:
Onex
Jill Homenuk
Managing Director – Shareholder Relations
and Communications
+1 416.362.7711
Analytic Partners
Kendall Allen Rockwell
WIT Strategy
kallen@witstrategy.com

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Carlyle to Acquire, Expand Data Center Company Involta

Carlyle

NEW YORK and CEDAR RAPIDS, Iowa — Dec. 22, 2021 — Global investment firm Carlyle (NASDAQ: CG) announced today that funds managed by Carlyle have agreed to acquire Involta, a data center company focused on hybrid IT and cloud infrastructure, including data center colocation, hybrid cloud, edge, fiber, and related products.

Involta owns and operates 12 data center facilities and an in-house 12,000+ fiber-mile network. These assets, paired with strategic infrastructure services, provide mission-critical IT solutions to businesses across the United States. Carlyle’s capital, resources, and expertise will help expand Involta’s operations, which today are located primarily in the Midwest as well as the Pacific Northwest and Southwestern U.S., helping grow its capabilities for both new and existing customers.

Joshua Pang, Head of Digital Infrastructure for Carlyle’s Infrastructure Group, said, “Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world. We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle’s scale, resources, and access to capital to drive sustainable growth at Involta.”

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, said, “This investment is consistent with our strategy of partnering with best-in-class businesses positioned for continued growth in the digital infrastructure space. Digital infrastructure is a key sector focus for our platform and we will continue to grow our portfolio with both high growth opportunities as well as stabilized assets.”

Bruce Lehrman, Founder and CEO of Involta, said, “We are thrilled to work with Carlyle’s proven investment team as we build on our national market leadership and support our customers’ growing digital infrastructure requirements. We see many logical opportunities to continue expanding Involta’s footprint and infrastructure, and look forward to leveraging Carlyle’s global resources and deep expertise to further accelerate our growth momentum.”

This transaction supports Carlyle’s growth in infrastructure investing, which includes investments in infrastructure companies supporting the digital economy. Earlier this year, Carlyle acquired Wyyerd Group, a leading regional fiber-to-home platform in the Southwestern United States, and recently completed an add-on fiber acquisition for that platform in December 2021.

Carlyle will acquire Involta from M/C Partners. The transaction is expected to close in the first quarter of 2022 and is subject to the satisfaction of customary closing conditions. Financial details were not disclosed.

Greenberg Traurig LLP, Bank Street Group, and TD Securities advised on this transaction.

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About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

About Involta

Involta is an award-winning hybrid IT and cloud-forward consulting firm orchestrating digital transformation for the nation’s leading enterprises. Involta’s ongoing mission is rooted in partnership. Its personalized approach identifies customers’ requirements while earning their trust to ultimately deliver Superior Infrastructure and Services, Operational Excellence and People Who Deliver, keeping with the Involta brand promise.

Involta pairs strategic consulting with the unique ability to leverage owned data centers and infrastructure assets, empowering businesses with necessary security and reliability requirements. Its well-defined, rigorous process to deliver hybrid cloud, edge, consulting, and data center services have earned the company several designations, including a KLAS rating and review for partial healthcare IT outsourcing excellence. The company has also been recognized on several CRN lists and has been named one of the fastest-growing companies in America by Inc.5000 for nine consecutive years.

Involta enables customers with the power to transform their technology and the freedom to focus on their core business. To learn more about Involta, visit involta.com or follow them on LinkedIn, Twitter or Facebook.

About M/C Partners

M/C Partners is a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sectors. For more than three decades M/C Partners has invested $2.4 billion of capital in over 140 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and leadership teams to support, scale, and improve operations and maximize value. For more information, visit https://mcpartners.com.

Media contacts

Christa Zipf
Carlyle
Christa.zipf@carlyle.com
347-621-8967

Sheetal Werneke
JSA for Involta
1.866.695.3629
jsa_involta@jsa.net

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