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by Alan Alper, MA Editorial Staff
Posted on Monday, January 09, 2006 7:21:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Private equity investment firm takes minority stake in SMB-focused ERP vendor; Bank of Montreal arm to provide additional debt financing. |
Enterprise applications vendor Made2Manage Systems Inc. today disclosed that it has raised $50 million in equity and debt financing to help fund its growth-through-acquisition strategy. As part of the transaction, Thoma Cressey Equity Partners, an investment firm that specializes in M&A roll-ups, has taken a minority stake in the niche-oriented ERP vendor that targets small to medium-size manufacturing companies. Through its relationship with Thoma Cressey, the Indianapolis-based ERP vendor said it now has access to additional capital from Harris Nesbitt, a banking unit of North American giant Bank of Montreal (BMO) Financial Group. Made2Manage CEO Jeff Tognoni characterized Thoma Cressey's equity stake as a "large minority position." He added: "It's less than 50% but greater than 25%" of the equity in the company. [Click to continue] |
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