Investors Reap Nearly Six-Fold Return on Sale
LOS ANGELES, September 3, 2014 –Triton Pacific Capital Partners, LLC has announced that its portfolio company, Custom Credit Systems (CCS), the leading commercial loan automation and workflow software provider to the world’s largest banks, has been acquired by Misys, a U.K.-based vendor of financial services software.
During its ownership, Triton Pacific applied its Value Enhancement Program(SM) to further professionalize the CCS business. This time-tested business model, in conjunction with the firm's operating expertise, helped CCS accelerate growth and maximize value.
“We achieved our strategic plan of positioning CCS to be in the critical path of large core systems vendors and are pleased to have Misys recognize the value created in CCS,” said Craig J. Faggen, CEO of Triton Pacific. “Misys is in an excellent position, with the addition of CCS, to realize its vision to provide the broadest, deepest portfolio of financial services software on the market. As a best-in-class core systems vendor, we could not be more pleased with Misys’ acquisition of CCS.”
Triton Pacific’s investors have received distributions from cash flow in excess of their investment prior to sale – and, together with the sale proceeds, will have generated a return of approximately six times their original investment.
Founded in 1989, CCS has deep domain expertise in all aspects of commercial lending, which has been highly valued by leading customers such as Wells Fargo, Bank of America, U.S. Bank, Comerica and Fifth Third Bank. CCS launched its flagship product, CustomLender, in 2005 as the most advanced end-to-end lending solution in the market. Additionally, the company’s highly-configurable software is available in SaaS, hosted and client server environments.
“We are delighted to become part of Misys and help extend their capabilities globally with our solutions,” said Brian Shaw, president and CEO of CCS. “Misys is a company with proven success in integrating specialized financial technology businesses, and we look forward to continuing to deliver innovation to the market and our joint customers.”
FT Partners served as exclusive financial adviser and K&L Gates was legal advisor to Custom Credit Systems.
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, capital markets, investment management and risk solutions available on the market. With more than 2,000 customers in 130 countries Misys’s team of domain experts, combined with its partner eco-system, have an unparalleled ability to address industry requirements at both a global and local level. To learn more, please visit www.misys.com.
About Triton Pacific
Triton Pacific Capital Partners, LLC, founded in 2001, is a private equity firm that invests in middle-market companies in high growth or rapidly changing industries. Headquartered in Los Angeles, California, Triton Pacific currently manages four private equity funds and is the sponsor of Triton Pacific Investment Corporation, a non-traded public Business Development Company. For more information, visit www.tritonpacific.com.
Lages & Associates