LaSalle Capital has sold Avtex Solutions to Norwest Equity Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it has represented LaSalle Capital (“LaSalle”) in its sale of Avtex Solutions, LLC (“Avtex” or the “Company”) to Norwest Equity Partners (“NEP”), a leading mid-market investment firm. Terms of the transaction were not disclosed.
Based in Minneapolis, Minnesota, Avtex is a customer experience (“CX”) focused consulting and technology company that provides design, implementation and ongoing support of solutions in the CX ecosystem, including contact center and CRM solutions. As a full-service consultancy, the Company helps businesses build lasting relationships with their customers through end-to-end services that support effective CX strategies. Leveraging its unparalleled breadth of knowledge, deep customer relationships and strategic partnerships with leading technology vendors, Avtex has created a differentiated position in the market.
Over LaSalle’s ownership period, the Company developed an operationally focused strategic plan and transformed into a well-disciplined CX consulting business, bolstered by multiple strategic acquisitions. George Demou, Chief Executive Officer at Avtex, commented, “The business is on an exciting growth trajectory and we look forward to capitalizing on this positive momentum with our new partners at NEP.” Nick Christopher, Partner at LaSalle, added, “The transaction executed by Lincoln represents an outstanding outcome for the Company and its shareholders, and we found Lincoln’s efficiency and creativity invaluable throughout the process.”
Lincoln acted as the exclusive financial advisor to LaSalle and Avtex, working closely with the shareholders and management team throughout the sale process.
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