GenNx360 and the Enright Family will continue to hold significant equity ownership in the company following the deal, the financial details of which were not disclosed.
GenNx360, which bought into syncreon in 2009, said the Centerbridge deal allowed its investors to realise some of the gains the business had achieved since.
Centerbridge senior managing director Will Manuel said, “We believe this is an exceptional opportunity to back a world-class management team in continuing to grow a differentiated, best-in-class business.
“The company has an impressive operational track record as evidenced by their longstanding relationships with leading companies in both the technology and automotive industries.
“We are pleased to have the opportunity to partner with management and GenNx360 in the next stage of the Company’s growth.”
Last week AltAssets revealed that GenNx360, a mid-market buyout firm founded by former General Electric executives, was a whisker away from the halfway point in its $750m-targeting second fundraise.
GenNx360 Capital Partners II has gathered more than £346m from 20 LPs after 18 months on the road according to a filing with the US securities regulator.
The firm registered the vehicle in February last year as a follow-up to its $500m debut vehicle, which closed in 2008 after two years of fundraising.
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