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Kayne Partners invests USD15m in DiCentral

DiCentral, a provider of supply chain management solutions and B2B integration, has completed a USD15 million Series A financing led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors.

The capital will be used to accelerate the organic growth and acquisition strategy of the supply chain management services provider.
 
“DiCentral has a rich 16-year history of self-funding our growth. Although we have had many offers over the years to take in investment money, we never felt it was the right partnership,” says Thuy Mai, CEO and founder of DiCentral. “Now is the right opportunity and we are extremely pleased to partner with Kayne Partners, a like-minded technology-focused equity provider with a strong record within the cloud computing space.”
 
“Kayne Partners has a long and successful track record of identifying and working with technology-based growth companies that have an unrivalled competitive advantage and are led by exceptionally strong management teams,” says Nishita Cummings, partner, Kayne Partners. “DiCentral has a successful track record of helping Fortune 1000 companies and their suppliers integrate their financial and physical supply chains while delivering exceptional service at a price, which delivers a strong ROI to clients.”
 
Cummings will join the board of DiCentral.

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