Kayne Partners Invests $15M in DiCentral

HOUSTON--()--DiCentral Corporation, a leading innovator in supply chain management solutions and B2B integration, today announces the completion of $15 million in Series A financing. This investment was led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P., an investment firm managing over $23 billion in assets. The capital will be used to accelerate the organic growth and acquisition strategy of the fast-growing supply chain management services provider.

“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”

“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,” said 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,” continued Mai.

“Kayne Partners has a long and successful track record of identifying and working with technology-based growth companies that have an unrivaled competitive advantage and are led by exceptionally strong management teams,” said 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,” continued Cummings.

Markets across the spectrum are undergoing tremendous change and simply will not survive unless they remain agile and financially relevant. “DiCentral has become a valued and trusted managed services partner to take on B2B integration in an evolving market that requires a strong ROI for its clients,” shared Mai.

Brick and mortar retailers are defending themselves against virtual storefronts. Healthcare institutions continue to be squeezed for cost control. Consumer product companies are opening their own stores and e-commerce websites, adding a new role of direct merchandising. Capital-intensive manufacturers continue to navigate globally, taking advantage of cost efficient locations to make their products. More than ever, companies, whose product and financial supply chains rely on electronic eco-systems, must adapt new processes and quickly integrate connections.

“We recognize that this is a significant growth opportunity, as companies are increasingly outsourcing this task to specialists such as DiCentral,” said Cummings. “We believe that DiCentral is uniquely positioned to take advantage of these trends,” continued Cummings. Cummings will join the board of DiCentral.

About DiCentral

Founded in 2000, DiCentral is a leading global provider of B2Bi Managed Services headquartered in Houston, Texas with 10 offices worldwide supporting customers in over 27 countries. DiCentral’s services and solutions are singularly focused on B2B integration and used by many of the Fortune 1000, processing over $200 billion in transactions for over 30,000 organizations worldwide. The company’s vertical expertise transcends Automotive, Retail, Distribution, Manufacturing, Pharmaceutical, Health Care, Energy and Financial Services. DiCentral provides turn-key Cloud based B2Bi Managed Services, which allows organizations to connect and exchange critical business documents with their trading community. The core components of the Managed Services offering include: ERP Integration, Secure B2B Communications, Data Transformation, Business Rule Analytics, Inventory Management and Trading Partner Community Management. The company develops and markets a complementary suite of supply chain applications. For more information, please visit our website: www.dicentral.com.

For more information about this transaction, please contact Peter Edlund, Senior Vice President of Global Marketing at DiCentral, at (281) 480-1121 or pedlund@dicentral.com.

About Kayne Partners

Kayne Partners is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $600 million in platform investments and add-on acquisitions. Kayne Partners seeks to partner with driven entrepreneurs as a non-control minority investor and provide transformative capital to these high growth companies. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. For more information, please visit our website: www.kaynepartners.com.

About Kayne Anderson

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, and growth private equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where its knowledge and sourcing advantages enable it to deliver above average, risk-adjusted investment returns. Kayne manages over $23 billion in assets (as of August 31, 2016) for institutional investors, family offices, high net worth and retail clients and employs 300 professionals in eight offices across the United States. The firm is headquartered in Los Angeles with offices in Houston, New York City, Chicago, Denver, Dallas, Atlanta and Boca Raton. For more information, please visit our website: www.kaynecapital.com.

For more information on this transaction, please contact Nishita Cummings at (310) 282-2833 or ncummings@kaynecapital.com.


Peter Edlund, Senior Vice President of Global Marketing
Kayne Partners
Nishita Cummings

Recent Stories

RSS feed for Kayne Anderson Capital Advisors, L.P.