Align Capital sells portfolio company iPROMOTEu
The exit follows a hold period of a bit more than four years.
Align purchased the company in 2018 after a recapitalization. Matt Beesley, Align partner, stated that "we are proud of the value-creation achievements over the course o our partnership with iPROMOTEu." Align, a private equity company with headquarters in Cleveland and Dallas, is co-headquartered. The firm closed Align Capital Partners Fund III L.P. at $620 Million in the fall of 2018, 12.7% more than its target of $550 millions.