Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has successfully exited its investment in Venio.
Praesidian’s exit was facilitated by Venio’s acquisition of certain divisions of The Keane Organization and the new financing associated with the transaction.
Venio has been in the Praesidian portfolio since December 2008, when Praesidian invested approximately USD16.5 million to support a recapitalization conducted by Venio’s management and financial sponsor, DFW Capital Partners.
"Since our investment in Venio, the Company has remained a strong, stable leader in the shareholder services industry," says Jason D Drattell, Managing Partner at Praesidian Capital. "We are pleased to have supported Venio’s continued growth and excited to see it successfully complete this acquisition which is an important step to further its development."
