Chicago, IL – August 2, 2017 – Svoboda Capital Partners (“SC”) has sold its interest in leading outsourced imaging and information management provider DataBank Holdings, LLC (“DataBank”) to KYOCERA Document Solutions (“Kyocera”).
Headquartered in King of Prussia, Pennsylvania, DataBank is the country’s premier provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes. The new relationship with KYOCERA will open new service opportunities for DataBank.
Chuck Bauer, CEO of DataBank, and the rest of the management team will continue forward with the Company. “Our partnership with SC has been positive and enhanced the long-term growth and success of DataBank,” Bauer said. “Coming together with KYOCERA is a tremendous opportunity for our existing and prospective customers. The acquisition will enable us to offer innovative new solutions and services tailored to rapidly changing market needs.”
Svoboda Capital Partners, through its affiliates, originally recapitalized DataBank in partnership with management in 2011. “On behalf of Svoboda Capital Partners, it has been a pleasure to work with the team at DataBank. Through strategic acquisitions completed under Chuck’s leadership, the team has built a strong organization that is committed to their customers and highly respected within the industry,” said Richard Harpster, Managing Director at Svoboda Capital Partners.
Katten Muchin Rosenman LLP acted as DataBank’s exclusive legal advisor on the sale.
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $350 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company in partnership with management teams.
DataBank (www.DataBankimx.com), simplifies your business processes to help you meet your organization’s objectives — reducing costs, saving time and increasing productivity each step of the way. Our scalable offerings range from document scanning, data capture solutions, enterprise content management software, business process outsourcing, staff augmentation, and workflow design and implementation. These highly configurable, ‘a la carte’ solutions can be out-of-the-box for hassle-free deployment, customized to address unique business needs or completely managed by our team of experts, allowing you to focus on your core business.