Triton Pacific Capital Partners Completes Sale of Custom Credit
Investors Reap Nearly Six-Fold Return on Sale
LOS ANGELES, CA -- (Marketwired) -- 09/03/14 -- 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
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 val
ue 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
FT Partners served as exclusive financ
ial 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,
Lages & Associates
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