Join Scott Marden in NYC at Capital Roundtable's Private Equity Conference, "Private Equity Investing In Information Services & Big Data Companies"
June 12, 2014
CIP Capital's Managing Partner Scott Marden is a featured speaker on the June 12th panel "Making the Right Choices - Four PE Investors Discuss Major Themes That Attract Them to Information Services" at this year's Capital Roundtable Private Equity Conference. This conference will bring three panel discussions led by chair and conference moderator Matthew Lori, Manager Director at New Mountain Capital.
CIP Capital Managing Partner Scott Marden Joins Panel Discussion at ACG New York’s 10th Annual DealSource Conference
May 15, 2014
Scott Marden joined moderator Reed Phillips, CEO & Managing Partner at DeSilva + Phillips, as well as fellow panelists Brad Adams of TM Capital Corp., Thibaut de Monclin of Aelios Finance, and John Semel of John Wiley & Sons for a panel discussion at the Metropolitan Club of New York on Thursday, May 15th, 2014.
This annual event attracts over 400 leading middle market deal-makers for a full afternoon and evening of establishing new relationships and existing ones through both structured meetings and an open networking beer tasting event.
CIP Capital Completes Investment in OnCourse Learning
Growth-oriented, sector-focused private equity firm to invest in leading provider of professional training and compliance solutions
March 4, 2014 – CIP Capital (“CIP Capital”) has completed a platform investment in OnCourse Learning Corporation (“OnCourse” or the “Company”). OnCourse Learning is a leading national provider of online training and compliance solutions to professional end markets. OnCourse helps both professionals and companies navigate regulatory training, certification and compliance requirements to ensure success and manage risk in their chosen profession. The Company provides pre-licensing, continuing education and governance, risk and compliance (“GRC”) training solutions that comply with state and federal regulations across the financial services, insurance, real estate, home inspection, appraisal and IT end markets.
“Today’s announcement is the next step in OnCourse’s growth as a leading provider of online professional training solutions. Through our partnership with CIP Capital, OnCourse will continue to expand its presence in our core verticals while aggressively entering new markets that seek outsourced compliance solutions.” said Patrick Sheahan, Chief Executive Officer of OnCourse Learning. The existing management team of OnCourse Learning will continue to lead the Company going forward. The Company will be investing in next generation content across all of its learning modalities while adding new service lines organically and through strategic acquisitions.
“Businesses that provide professionals and companies with innovative solutions to comply with regulations is a key investment theme within our fund’s targeted strategy” said Scott Marden, Managing Partner of CIP Capital. OnCourse Learning will be the fourth platform investment for CIP Capital within its Business Information and Outsourced Services focus and second within its Knowledge Services sub-sector strategy.
Justin Lipton, Managing Director of CIP Capital, added: “OnCourse has a successful history of working closely with state agencies, regulatory bodies and thought leaders to develop comprehensive training solutions that address constantly evolving requirements for professionals. We look forward to partnering with Pat and the rest of the OnCourse management team to continue to scale the business and expand its scope of services.”
Fifth Street Finance Corp. (NASDAQ:FSC) provided debt financing for the transaction. Sidley Austin LLP served as legal counsel to CIP Capital.
CoAdvantage Creates National Platform in the Professional Employer Organization (PEO) Market
Strategic Acquisitions of Discovery Outsourcing and Compensation Solutions Add Scale and Further Expand National Footprint
February 26, 2014 – Tampa, FL – CoAdvantage Corporation (“CoAdvantage” or the “Company”), a leading provider of strategic Human Resource solutions for small to mid-sized companies, announced the acquisitions of Colorado-based Discovery Outsourcing, LLC and New Jersey-based Compensation Solutions. Both acquisitions further expand CoAdvantage’s national footprint, while accelerating the company’s growth and strengthening its position in key geographic markets. The combined platform will serve over 2,200 clients and over 45,000 employees with a range of HR outsourced solutions to small and medium sized businesses. The management teams of both companies will join CoAdvantage in leadership roles to continue building out their service models.
“Discovery Outsourcing and Compensation Solutions have effectively built strong, high-quality businesses rooted in exceptional customer service,” said Mike Maseda, CoAdvantage President and CEO. “We are excited to marry their core strengths and regional acumen with our scale and resources to advance our market presence to a national level.”
CoAdvantage is a portfolio company of CIP Capital. Bobby Kelly, Managing Director of CIP Capital, said: "Our initial thesis was to build out a national platform with a focus on expanding into the West and Northeast markets with high quality PEO providers. Today’s acquisitions are a critical step forward in our vision for creating a leading PEO committed to offering dynamic HR solutions.”
Discovery Outsourcing is the largest and fastest growing PEO in Colorado and is the recipient of numerous awards, including five-time recognition on the Inc. 5000 list of Fastest Growing Companies and one of the “Top 250 Private Companies” recognized by ColoradoBiz. “We believe joining CoAdvantage will accelerate our explosive growth in the Colorado market and generate new opportunities in the Rocky Mountain region and beyond,” said CEO Todd Beutel, who will join CoAdvantage as President of the West region. Andrew Stohl, Discovery Outsourcing’s CFO, will also join CoAdvantage as COO of the West region.
Compensation Solutions (CSI) is a comprehensive human resources administration firm established in 1997. In 2013, NJBIZ named the company “Business of the Year,” and acknowledged it as one of the “Best Places to Work.” CSI also received the “2013 Outstanding Employer” award from the New Jersey Business and Industry Association (NJBIA).
“CoAdvantage’s scale and resources bring added value to our customers and the Northeast market,” said Susan Molosh, President of CSI. “Our enhanced position will allow us to further penetrate the region with our high-touch, hi-tech, award-winning service model,” she said. Molosh, named by NJBIZ as one of the “Best 50 Women in Business” will continue as President of CSI, while CEO Thomas J. Cioffe will serve in a leadership capacity at CoAdvantage.
CoAdvantage’s acquisitions continue its steady growth in the PEO industry. The company acquired Texas-based Odyssey OneSource in 2011, and opened additional offices in Austin, Palm Beach, and Phoenix in 2013. CoAdvantage now serves over 45,000 worksite employees in all 50 states, offering the resources of a national provider with a local focus to business owners around the country.
CIP Capital Managing Partner Scott Marden to Join Panel Discussion at MIT Sloan Institutional Investment Conference 2014
February 28, 2014
Scott Marden will join moderator Robert Pozen, Senior Lecturer at MIT Sloan, as well as fellow panelists Roger Kafker of TA Associates and Marcos Brujis of IFC Asset Management Company for a panel discussion at the Charles Hotel Conference Center on Friday, February 28th, 2014.
The MIT Sloan Institutional Investment Conference is the leading student-run investment conference in the country, with approximately 400 investment professionals, industry representatives, and students attending each year. The conference brings together a variety of investors including asset managers, hedge funds, private equity, endowments, and sovereign wealth funds to discuss the challenges and opportunities in the global investment landscape.