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O’Melveny advises Kayne Partners on USD25m minority investment in Riviera Partners

O’Melveny has advised Kayne Partners on a USD25 million minority investment in executive search firm Riviera Partners. Private equity firm ROCA Partners joined Kayne in the investment, which was announced on 4 June, 2019.

Kayne Partners is the growth equity group of Kayne Anderson Capital Advisors, a provider of capital and connections to privately held, high growth, enterprise software and tech-enabled service businesses in North America. Headquartered in Los Angeles, Kayne has invested more than USD500 million in platform investments and add-on acquisitions together across four funds.

The O’Melveny team advising Kayne Partners was led by partners David Smith and Robert Blashek, and counsel Martin Mayo.

San Francisco-based Riviera Partners uses sophisticated, data-driven algorithms, notably its proprietary Sutro recruiting platform, to quickly and accurately match qualified executive candidates with leadership positions at engineering and product and design firms. Riviera is expected to use the financing to support geographic expansion, technological enhancement, strategic acquisitions, and hiring.

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