NEW YORK–(COMMERCIAL THREAD) – Morgan Stanley Private Credit and Onex Falcon recently announced the completion of their investment in CSS Corp, a global provider of technology services and customer experience. The investment includes both mezzanine financing and equity investment. In addition, Morgan Stanley Private Credit and Onex Falcon will sit on the company’s board of directors.
The investment represents a strong vote of confidence in CSS Corp‘s premium service offerings and differentiated value proposition that proactively resolve critical customer business issues. This transaction will allow CSS Corp to continue its industry-leading organic growth and expand its capabilities and geographic footprint through strategic alternatives.
Bill Gassman, Executive Director of Morgan Stanley Private Credit, said: “We are delighted to partner with Capital Square Partners, Onex Falcon and the management team of CSS Corp in this exciting investment. The company is redefining traditional services through an intersection of leading proprietary solutions, resilient operations and innovative businesses. engagement models. With the recent announcement of Sunil Mittal as the new CEO, CSS Corp is well positioned to continue its momentum in the future. ”
Sven Grasshoff, Managing Director of Onex Falcon, noted, “CSS Corp has carved out a place for itself in the new era technology support and outsourcing space, facilitating the substantial growth of the company in recent years. We have full confidence in CSS Corp, Capital Square Partners and the new CEO, Sunil Mittal, and look forward to contributing to their next chapter of growth. ”
Sanjay Chakrabarty, Managing Partner of Capital Square Partners, said: “We welcome the investment of Onex Falcon and Morgan Stanley Private Credit in CSS Corp, alongside our investment in the business. This latest investment consolidates the company’s position as a leader in the sector and will help accelerate its growth. ”
Sunil Mittal, CEO of CSS Corp, noted, “We have outperformed on everything from growth and customer satisfaction to employee engagement and operations, and we have emerged as a strong player disrupting the industry. We are delighted to be working with Onex Falcon and Morgan Stanley Private Credit. Their support will help us expand our current capabilities and geographic footprint while providing innovative solutions and customer-centric services under the umbrella of CSS Corp in the years to come. ”
CSS Corp has grown its revenues steadily throughout its most recent fiscal year ended March 31, 2021. Capital Square Partners, a Singapore-based private equity fund manager, acquired a controlling stake in CSS Corp on February 25, 2021 .
About Morgan Stanley Private Credit
Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private lending platform focused on direct lending and opportunistic private lending investments in North America and Western Europe. The Morgan Stanley Private Credit team invests across the entire capital structure, including senior secured term loans, unitranche loans, junior debt, structured equities and common equity co-investments. For more information, please visit the website at https://www.morganstanley.com/im/privatecredit.
About Onex Falcon
Onex Falcon is a private credit asset manager who uses an opportunistic approach to initiate and execute solution-oriented private credit investments. Onex Falcon was formed in December 2020 through the combination of Falcon Investment Advisors and Onex Credit, combining Falcon’s significant experience in specialist private credit investing with the scale, global distribution and diverse capabilities investment and origination of Onex Credit and the Onex franchise in the broad sense. Since 2000, the firm has closed over 100 investments and has a reputation for being flexible, creative and responsive. Onex Falcon had approximately $ 4.0 billion in assets under management as of March 31, 2021. For more information on Onex Falcon, please visit http://www.onexfalcon.com.
About Capital Square Partners
Capital Square Partners (“CSP” is a Singapore-based private equity fund manager regulated by the Monetary Authority of Singapore (MAS). CSP advises growth and buyout capital investment funds of supporting companies high-performing management teams to build leading digital businesses.With in-depth industry expertise in the technology, media and telecommunications, business services, healthcare and consumer sectors, CSP has assisted the teams leadership to grow businesses across multiple geographies and create transformational value .com /.
About CSS Corp
CSS Corp is a global provider of technology services and customer experience, disrupting the industry with a unique intersection of leading proprietary solutions, resilient operations and innovative business engagement models. The company is a partner of choice for the digital transformation of its customers, which include the world’s leading innovators in all sectors, from mid-market players to large corporations. Its diverse team of more than 9,000 customer-centric thinkers, collaborators and co-creators in 18 global locations are passionate about helping customers succeed through intelligent automation-driven results. The company has weathered macroeconomic headwinds to become the industry’s fastest growing and most award-winning company in its revenue line. To learn more, please visit https://www.csscorp.com.