The firm led the buyout alongside the company’s existing management team which said it will use the cash to provide liquidity to its founding shareholders.
Wales-headquartered Tellermate Holdings manufactures and distributes electronic weight-based cash counting equipment.
The business has a range of customers across the globe within the retail, food service, grocery, and finance industries and processes transactions valued at more than $1bn every day.
Mid-market focused Brookside targets control private equity deals as well as co-investing alongside other investment firms, family offices and financial sponsors.
The firm makes deals in companies with a revenue of between $15m and $150m.
Earlier this month Brookside announced it had hired former Parallel Investment Partners managing director Richard Dell’Aquila.
Copyright © 2014 AltAssets