Berkery Noyes, a leading independent investment bank serving the media, information and technology markets, announced that it represented D.A. Kopp & Associates, Inc., Card Management Services, L.L.C., and Card Financial Services, L.L.C. (Dydacomp) in its sale to Dydacomp Holdings Corporation and Milestone Partners. Terms of the transaction were not disclosed.
Dydacomp is a veteran software developer and marketer of solutions serving direct selling, e-commerce, and catalog merchants, specifically for small to medium-sized, business-to-business, multichannel merchants, distributors, manufacturers and third-party fulfillment operations. Its solutions range from complete front-end applications such as hosted e-commerce Web sites to complete back-end order management solutions.
"The alliance between Dydacomp and Milestone Partners provides a powerful impetus to the company’s near-term and longer-term growth in a very dynamic market," said Dave Kopp, President and CEO of Dydacomp. “With Milestone, we now have the resources, products and management depth to capitalize on the current favorable market environment.”
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues prospective platform companies that are leaders within niche markets and are engaged in producing or distributing high margin products or services. Milestone's transactions typically provide liquidity to shareholders of family-owned businesses, facilitate the transition of ownership to key managers, and allow management to capitalize on growth opportunities while maintaining the legacy of the founders.
Saturday, January 19, 2008
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