Charlesbank and GTCR Recapitalize Park Place Technologies; WestView Exits Minority Stake
July 23, 2019
Boston-based Charlesbank Capital Partners is acquiring WestView Capital Partners' minority stake in Park Place Technologies in a transaction that will occur alongside a recapitalization led by GTCR. The deal provides WestView liquidity while positioning Park Place—an Ohio-headquartered third-party maintenance provider with ~1,200 employees—for continued growth under GTCR and Charlesbank; terms were not disclosed.
- Buyers
- Charlesbank Capital Partners, GTCR
- Targets
- Park Place Technologies
- Sellers
- WestView Capital Partners
- Industry
- IT Services
- Location
- Ohio, United States
- Transaction Type
- Recapitalization
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