York Funds Makes Strategic Development Expense in Cennox | Business enterprise

ATLANTA & NEW YORK–(Company WIRE)–Jun 2, 2021–

Cennox (the “Company”), a worldwide provider of integrated services-centered companies and methods to a huge assortment of stop-marketplaces, declared it has gained a strategic progress investment from York Capital Management’s private fairness group (“York Private Equity”). Conditions of the transaction were being not disclosed.

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Established in 2006, Cennox presents built-in expert services and alternatives to the monetary products and services, professional, retail, and transportation industries. Cennox is a foremost impartial, multi-vendor provider provider to money automation devices and self-checkout kiosks. The Company’s global functions span 1,500 personnel that protect the United States, United Kingdom and mainland-Europe. Since its founding, Cennox has scaled by means of 15 acquisitions and constant natural progress. Currently, Cennox is regarded as a supplier of choice for quite a few major fiscal institutions, and is valued for its deep sector abilities, steady higher-high quality company, and breadth of answers.

“We are thrilled to have the aid of York Cash, as we go on to broaden our business enterprise globally,” claimed Clive Country, Founder and CEO of Cennox. “York’s business expertise, community and skills will be extremely valuable as we strategically develop our solutions and assistance offerings.”

“Cennox is poised for immediate progress in its marketplaces underneath the ongoing management of Clive, Roy Dodd and Nick Cockett,” claimed Harish Nataraj, Running Director at York Capital. “We are fired up to husband or wife with the founders of Cennox. Together, we are focused on driving benefit for consumers, coming into new markets, and executing on our M&A strategy.”

Cennox also recently obtained Bancsource, a top nationwide gear distributor and maintenance provider provider to a lot more than 700 U.S. banks and shops. The acquisition of Bancsource expands Cennox’s functions throughout the U.S., broadens its abilities, offers an entrance into the sensible risk-free marketplace, and even further builds on its comprehensive discipline service programs for prospects.

Cennox is the 3rd platform financial commitment concluded in the final twelve months by York Capital’s center-market place private fairness fund, York Specific Prospects Fund III, L.P., an $800 million focused fund lifted in April 2020. York Private Fairness seeks to lover with founders and business owners to assistance facilitate and aid natural and inorganic growth in industries these types of as financial companies, company companies, health care expert services, consumer/retail and industrials.

TM Capital acted as the promote-facet financial investment banking advisors to Cennox and Lincoln Intercontinental recommended on the sale of Bancsource, as properly as assisted in increasing the funding for the acquisition. WhiteHorse Funds furnished financial debt financing for the transactions in assistance of the in general M&A method. Duff & Phelps, A Kroll Small business, acted as the buyside financial investment banking advisor to Cennox and York Funds in the acquisition of Bancsource.

About Cennox

Cennox is a world-wide managed facility expert services service provider headquartered in Atlanta, GA and Camberley, U.K. Considering that its inception in 2006, the Cennox company has advanced to meet up with the exclusive requires of the dynamic customer technological know-how interfacing sector together with hard cash automation machines and self-checkout kiosks. Nowadays the Organization offers a turnkey service offering that includes components and item profits, set up providers, regimen upkeep companies, and managed software companies.

Far more facts about the products and solutions and expert services it presents can be identified at the corporation web page: www.cennox.com.

About York Private Equity

York Non-public Equity, the private investing arm of York Cash Administration, principally targets handle investments in middle-current market corporations. Given that inception in 2008, York Personal Equity’s center-market place approach has concluded around 50 investments with combination transaction value in excessive of $4 billion. York Non-public Fairness has 14 devoted workforce members. For additional data be sure to stop by: https://yorkcapital.com/methods/personal-fairness/.

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Contact: For York Funds

Kevin FitzGerald

Gasthalter & Co.

(212) 257-4170

Search phrase: UNITED STATES NORTH The united states NEW YORK Ga

Industry Key phrase: BANKING Experienced Services FINANCE

Supply: York Non-public Fairness

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PUB: 06/02/2021 08:00 AM/DISC: 06/02/2021 08:03 AM

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