New York, NY, January 14, 2016 – BBH Capital Partners (“BBHCP”) is pleased to announce the completed sale of Telarix, Inc. (“Telarix”), a leading provider of wholesale and partner solutions for communication service providers to Vista Equity Partners, a leading private equity firm focused on investing in software, data, and technology-enabled companies. Terms of the transaction were not disclosed.
Michael Boylan, Managing Director of BBH and Co-Manager of BBHCP, commented, “We enjoyed working closely with Glen Kazerman [CEO] and the rest of Telarix’s management team over the past several years as they executed on their plan to become a leading provider to the international wholesale marketplace. We look forward to watching the business continue to grow with Vista.”
“BBHCP has been a great partner to Telarix in bringing not only capital but insight and perspective to help the company evaluate and develop new products and execute on a number of key strategic initiatives,” said Glen Kazerman, CEO of Telarix. “We remain focused on continuing to bring innovative and value-added solutions to our dynamic marketplace.”
Douglas Maine, Senior Advisor to BBHCP and Chairman of Telarix, added, “Telarix is a fantastic company. Glen and his team have been able to consistently expand their market opportunity through a collaborative approach with their customers and are well-positioned for future growth.”
SunTrust Robinson Humphry acted as the exclusive financial adviser to Telarix.
About Brown Brothers Harriman
BBH is a privately held financial institution that has been a thought leader and solutions provider for nearly 200 years. The firm serves individuals, families, businesses and institutions in its three business lines: Private Banking, Investment Management and Investor Services. In addition to the $25.6 billion in assets under management (AUM) in Private Banking, BBH Investment Management has $52.3 billion in AUM, and the Investor Services business has over $4 trillion in assets under custody. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.
BBH Private Banking’s mission is to be the preeminent provider of advice and capital to private business owners and people of substantial wealth to help them create, transition, preserve and grow their wealth. The firm serves both corporate and private clients in the following products and services: Private Wealth Management, Corporate Lending, Corporate Advisory and Private Equity.
BBH operates a global business with 18 locations, including Beijing, Boston, Charlotte, Chicago, Denver, Dublin, Grand Cayman, Hong Kong, Kraków, London, Luxembourg, Nashville, New Jersey, New York, Philadelphia, Tokyo, Wilmington and Zürich. For more information about Brown Brothers Harriman, please visit www.bbh.com.
About BBH Capital Partners
BBH Capital Partners, a private equity strategy sponsored by Brown Brothers Harriman & Co., provides friendly capital solutions to, growth oriented middle market companies. BBHCP typically invests between $35 million and $100 million per platform investment and has the flexibility to act as a control or non-control investor. BBHCP’s capital is used to support a variety of transactions including management or leveraged buyouts, growth financings, recapitalizations (including dividend recapitalizations), buy-and-build strategies and acquisitions.
BBH is a registered service mark of Brown Brothers Harriman & Co. in the United States and other countries.
About Telarix, Inc.
With a community of over 4,000 carriers, Telarix is the de-facto standard in electronic information exchange. Every day, we empower our clients with wholesale billing, business intelligence, fraud management, least-cost routing and partner settlement solutions. For more information, visit us at www.telarix.com.