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Brookside in buyout deal for electronic cash counting provider

26 Aug 2014

coin-towers-1155329-mBrookside Equity Partners has announced it has invested in electronic cash counting company Tellermate Holdings.

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.

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