WESTMONT, IL As the inaugural move in an Enterprise Content Management (ECM) strategy, Svoboda Capital Partners has invested in Databank IMX, a leading imaging, document management, and information services provider. The transaction was supported by The Open Approach.
“The Open Approach shares our vision for judicious planning and accelerated growth strategies. We look forward to a continued, beneficial partnership.”—Rick Harpster,
Principal, Svoboda Capital Partners
Having developed the model behind the venture, The Open Approach supported Svoboda Capital Partners in identifying and evaluating top-tier candidates to serve as the cornerstone. Databank IMX was selected based on its cutting-edge service offerings and geographic positioning. The Open Approach and Svoboda Capital Partners are seeking complementary companies that can benefit from synergies in vertical markets, customers, and competitive distinctions.
“We believe Databank will be a tremendous asset for this opportunity and Svoboda Capital Partners,” said Ron Seavey, Managing Partner of The Open Approach. “Future development of the enterprise holds enormous potential. The Open Approach is dedicated to providing its private equity clients the support needed to build value throughout the lifecycle of their investment.”
“The Open Approach shares our vision for judicious planning and accelerated growth strategies,” added Rick Harpster, Principal, Svoboda Capital Partners. “We look forward to a continued, beneficial partnership.”
Both The Open Approach and Svoboda Capital Partners have achieved notable success in their investment ventures. The Open Approach has recently consummated major transactions in the labeling and digital document management industries on behalf of several private equity clients. Svoboda Capital Partners has enjoyed similar success. Databank marks the sixth investment of its second fund.
About The Open Approach
The Open Approach is an accomplished investment banking/M&A firm with numerous successful transactions in the document management, ECM, label, packaging, and graphic arts-related industries. The firm provides full-cycle business model development and deployment, including acquisition targeting, due diligence, transaction execution, integration support, and other advisory services to maximize value generation for its clients. For more information about The Open Approach and the ECM opportunity, call 630-323-9700, email: rseavey@theopenapproach.net, or visit www.theopenapproach.net.
About Svoboda Capital Partners, LLC
Svoboda Capital Partners (SCP) is a Chicago-based private equity firm that invests in and helps build technology-enabled, value-added distribution, consumer, and business services companies in the lower middle market. Founded in 1998, SCP has $250 million of capital under management. Founded in 1998, SCP has $250 million of capital under management. For more information, please visit www.svoco.com.