Capitala Group Announces Three Portfolio Exits with Total Cash Realizations of $65.0 Million
May 19 2021 - 8:34AM
Capitala Group (“Capitala”), a provider of capital to lower middle
market companies, announced today that it has successfully exited
three of its investments: Xirgo Technologies, CIS Secure Computing,
and PEOPLEASE.
Xirgo Technologies: Headquartered in Camarillo,
CA, Xirgo Technologies is a provider of customized IoT solutions
for various industry verticals, including insurance telematics,
fleet management, asset tracking, monitoring & control,
transportation logistics & mobility. Capitala invested in
Xirgo Technologies in December 2016 alongside Indianapolis-based
private equity firm HKW.
CIS Secure Computing: Based out of Dulles, VA,
CIS Secure Computing (CIS) is a provider of secure and customized
communications technologies that help prevent data leaks/tracking,
eavesdropping, and hacking. CIS provides both hardware and software
solutions to the intelligence and law enforcement communities
within its various government and commercial security-conscious
customer base. Capitala invested in CIS in September 2017 and
exited through the sale of the company.
PEOPLEASE: PEOPLEASE is a
full-service professional employer organization headquartered in
Mount Pleasant, SC. Small-to-medium-sized businesses, rapid-growth
companies, and established enterprise operations alike benefit from
PEOPLEASE ’s large employee base with customized yet
cost-effective solutions for payroll, human resources, benefits,
tax and finance administration, safety, and risk management.
Capitala invested in PEOPLEASE in August 2020 alongside AVC
Partners and completed the exit by virtue of the sale of the
company.
Capitala actively seeks to make meaningful equity and credit
investments in smaller yet growing businesses with strong
management teams in the U.S.
About Capitala GroupCapitala Group is an asset
management firm that has been providing capital to lower middle
market companies throughout North America for over twenty years.
Since our inception in 1998, Capitala has invested over $2.0
billion in approximately 170 companies and seeks to partner with
strong management teams to create value and aims to generate
superior risk-adjusted returns for our individual and institutional
investors. For more information, definitions, and details visit our
website at www.CapitalaGroup.com.
Contacts:
Steve ArnallCFO | Investor
Relationssarnall@capitalagroup.com
Katina Cole JakubowskiMarketing |
Communicationskjakubowski@capitalagroup.com
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