Charlesbank Capital Partners and M/C Partners Close Acquisition of Acxiom ITO

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Charlesbank Capital Partners and M/C Partners today announced they have closed their acquisition of the IT Outsourcing business of Acxiom (NASDAQ: ACXM).

Ryan Carroll, Managing Director at Charlesbank, said, “As a standalone company with a focused, well-capitalized shareholder group, highly experienced leadership team, and passionate, talented employees, Acxiom ITO is well-positioned for success. Charlesbank and our partner, M/C Partners, feel confident that the company will exceed the expectations of customers, employees and suppliers in the months ahead.”

“This acquisition will help the company expand its leadership in the IT and mainframe outsourcing space,” said Gillis Cashman, Managing Partner, M/C Partners. “We are very pleased to be working with Charlesbank to grow the company and provide Acxiom ITO’s clients with continually evolving and improving products and services.”

Charlesbank has deep and relevant experience investing in similar companies including past investments in IT outsourcing, telecom and complex corporate carve-outs. In strengthening Acxiom ITO as a standalone entity, the team will draw on its expertise to capitalize on key growth avenues, ensure a smooth transition for all clients and equip the company to more adeptly meet the needs of its customers.

In addition to providing funding for the acquisition, M/C Partners will be leveraging its broad experience in the IT infrastructure and communications services markets. The firm has been a leading investor in this segment for more than two decades, having previously invested in Involta, Fusepoint, Attenda, Denovo, Zayo Group and Lightower.

Webster Bank’s TMT practice provided financing for the transaction. Goodwin Procter served as the legal advisor for the buyers.

About Acxiom Acxiom is an enterprise data, analytics and software-as-a-service company that uniquely fuses trust, experience and scale to fuel data-driven results. For over 40 years, Acxiom has been an innovator in harnessing the most important sources and uses of data to strengthen connections between people, businesses and their partners. Utilizing a channel and media neutral approach, we leverage cutting-edge, data-oriented products and services to maximize customer value. Every week, Acxiom powers more than a trillion transactions that enable better living for people and better results for our 7,000+ global clients. For more information, please visit www.acxiom.com.

About Acxiom IT Outsourcing, LP Acxiom ITO provides IT services that help clients deliver better, faster, more cost-effective results. Our services extend across all platforms to meet a variety of needs. We pride ourselves on delivering superior customer service and innovative solutions that enable our customers’ success. Acxiom ITO has been recognized in the top 3 for mainframe outsourcing by a leading analyst firm. For 46 years, companies that require high-performance, secure, reliable IT have turned to Acxiom ITO and remained loyal clients — some for over 15 years. To learn more, please visit www.acxiomIT.com.

About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $3 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, generally investing $50 million to $150 million per transaction in companies with enterprise values of $100 million to $750 million. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.

About M/C Partners
M/C Partners is a private equity firm focused exclusively on the communications, media, and information technology sectors. The firm has invested over $1.5 billion into nearly 100 companies in those sectors. Companies M/C has backed include Cavalier Telephone, Fusepoint, GTS Central Europe, ICG Communications, Involta, Legendary Pictures, Lightower, MetroPCS, NuVox, Open Mobile, and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit www.mcpartners.com.

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TEAM MEMBERS

SECTOR

IT SERVICES

James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As a founding managing partner, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Triad Communications (acquired by T-Mobile), Brooks Fiber Properties (IPO and sale to AT&T Wireless), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

JOINED

1986

Contact

BOARD POSITIONS
Connectivity Wireless

 

Connectivity
Wireless
Involta

Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

Joined

2015

AFFILIATED PORTFOLIO

Thrive Networks

Contact

BOARD POSITIONS

Ascend Technologies
Connectivity Wireless
Edafio Technology Partners
TowerCom