CVC growth fund invests in Wireless Logic's M2M Managed Services
Wireless Logic is backed by one of the world’s leading private equity and investment advisory firms, CVC Capital Partners. The relationship commenced following the successful acquisition of shares from former partners, ECI Partners. The investment created one of the world’s fastest providers of M2M Managed Services and data connectivity companies.
Founded in 1981, CVC has a network of over 20 offices and over 300 employees throughout Europe, Asia and the US. Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. To date, CVC has secured commitments of over US$60 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$120 billion.
In 2014, CVC formed a new team, led by John Clark, Managing Partner, to target smaller growth-oriented companies through its dedicated CVC Growth Fund. The fund focuses on middle-market, high-growth companies in the software and technology-enabled business services sector. The fund primarily targets equity investments between $50mn and $200mn in North America and Europe. Wireless Logic is one of the first organisations to be part of the new CVC Growth Fund. To learn more about CVC, visit www.cvc.com
With the support of CVC, Wireless Logic’s growth plans for M2M/IoT data connectivity across multiple sectors is significantly assured. With new data SIM-based opportunities in both industrial, enterprise and consumer settings, more and more innovative applications are being connected throughout the UK and across Europe.