DEVOPSdigest

Exadel announced that Sun Capital Partners, a private investment firm, has completed an acquisition of the company. Terms of the private transaction were not disclosed.

Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams and recognized for its operational experience. Since 1995, Sun Capital has invested in more than 420 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The firm has built a reputation as a trusted partner to growing businesses the Business Services, Consumer, Healthcare, Industrial, and Technology sectors.

“It was critical for us to work with a firm that has deep expertise in supporting and growing founder-owned businesses through both strategic acquisitions and operational improvements, and Sun Capital emerged as the clear choice,” said Fima Katz, Founder, President and CEO of Exadel. “With the resources and operational experience Sun Capital brings to Exadel, we are well-positioned to continue to advance our capabilities and expand to serve a growing global market.”

“Sun Capital has invested in technology and technology-enabled services businesses over our history, and we are very excited that Exadel is our first tech platform investment since we formalized our focus on the technology vertical and formed a dedicated team,” said Marc Leder, Co-Chief Executive Officer of Sun Capital. “We look forward to leveraging our experience in building founder-owned businesses to accelerate Exadel’s growth.”

“Sun Capital is excited to work with Fima and the talented team at Exadel to support their continued growth and provide capital for the Company to acquire other businesses and additional talent to serve clients in this fragmented space,” added Elizabeth de Saint-Aignan, Managing Director, who leads the technology vertical at Sun Capital. “In addition, we will look to drive growth by applying the Sun Transformation System to enhance operations and bring Exadel’s solutions to the increasing number of companies pursuing digital transformation.”