TROY – Credit Suisse’s Customized Fund Investment Group and Beringea, co-managers of the InvestMichigan! Mezzanine Fund, Monday announced an investment in Dantom Systems in conjunction with the acquisition by Compass Investment Partners Fund. Terms were not disclosed.
The InvestMichigan! Mezzanine Fund focuses exclusively on providing capital to businesses that are headquartered, have a significant presence, and/or plan to expand or relocate in Michigan.
?It?s exciting for Michigan to see the InvestMichigan! Mezzanine Fund continue to be a great resource for the state to grow and expand local companies,? said Michael Kell, with the Credit Suisse CFIG Michigan investment office. ?We are eager to work with the DANTOM team as they continue to serve and drive results for their more than 900 clients nationwide.?
Dantom provides outsourced document management services and customized data solutions to the accounts receivable management industry. The company?s core service offering includes secure document creation and delivery, data hygiene and analytics, electronic archival services and online payment portals, all while maintaining compliance with regulatory guidelines. Dantom serves a large and diverse customer base across the health care, financial, home services and government end-markets.
The InvestMichigan! Mezzanine Fund, an Impact Investment fund licensed with the U.S. Small Business Administration, will invest up to $130 million in lower-middle-market Michigan companies over the next five years.
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