The Atlanta-based private equity firm said it will provide management expertise and several back-office and call centre services to Tempo.
Birch managing partner Vincent Oddo said, “Birch Equity Partners decision to invest in Tempo was an easy one.
“We observed the historical growth and the excitement in the marketplace for prepaid and Lifeline services and knew this was an expansion-stage business that had great potential.
“We believe this multi-faceted approach to supporting a growth-stage business like Tempo will allow the company to expand exponentially over the next several years, and beyond.”
Birch was launched in January this year to invest in businesses with revenues of between $5m and $50m in various sectors including business services, education, telecommunications, entertainment, media, healthcare and IT.
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