Golden Gate Capital and JP Capital Partners Acquire Cydcor, Inc.
WESTLAKE VILLAGE, CA (February 15, 2007) – Cydcor, Inc., the world-wide leader in outsourced face-to-face sales, announced today that it has been acquired by Golden Gate Capital, a San Francisco-based private equity firm; JP Capital Partners, a Los Angeles-based private equity firm; Gary Polson, Chief Executive Officer and Jim Majeski, Senior Vice President of Business Development. Cydcor, through its network of over 180 sales offices and approximately 2,400 sales representatives, helps Fortune 500 clients to acquire small business and residential customers.
“We are excited to partner with Golden Gate Capital and JP Capital Partners,” said Gary Polson, Chief Executive Officer of Cydcor, Inc. “With their financial backing and Golden Gate?s expertise in direct marketing, we have found excellent partners for the future and look forward to many years of continued success.”
“We believe Cydcor is a tremendous investment opportunity given its scale, unique business model, and blue chip customer relationships,” stated Prescott Ashe, a Managing Director of Golden Gate Capital. “Our financial support and industry knowledge, coupled with Cydcor?s world-class and highly motivated management team, will ensure continued strong performance.”
Cydcor is headquartered in Westlake Village, CA and oversees a network of independently corporate licensed sales offices who service national clients with a highly motivated and professional face-to-face sales staff. Cydcor’s ability to acquire large numbers of new customers cost-effectively for its clients, coupled with its experience, business model, strong client relationship and financial resources, provide Cydcor with a leading position in a rapidly growing market. Cydcor operates in the U.S. and Canada.
Financial terms of the transaction were not disclosed.
Cydcor, established in 1994, is the largest face-to-face customer acquisition company in North America and around the world. Cydcor provides clients with a unique opportunity to generate sales either in business-to-business or business-to-consumer. Cydcor manages an independent network of over 180 sales offices and approximately 2,400 sales representatives. Cydcor operates in the U.S. and Canada. Cydcor?s headquarters are located in Westlake Village, CA. For more information, please visit www.cydcor.com or contact Gail Michalak, public relations, at (818) 706-9500.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $3.6 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. For additional information, visit www.goldengatecap.com.
About JP Capital Partners
JP Capital Partners is a Los Angeles-based private equity investment firm focused on direct investments in middle-market companies with revenues between $50 and $200 million. JP Capital Partners invests alongside exceptional management teams to acquire and build companies across the media, services, retail and consumer products industries. During the latest twelve months, the firm has completed investments in transactions aggregating over $250 million. For more information, please contact us at (310) 691-8751.