New York, NY, February 25, 2021 – The Silverfern Group, an investment management firm making direct investments in middle market private equity globally, today announced that it has exited its investment in CSS Corp. following the successful sale of the Company to a financial buyer.
CSS Corp. is a leading global provider of integrated technology support services offered predominately to U.S.-based companies through a global workforce of approximately 5,500 employees located across 11 offshore delivery centers. Silverfern invested in CSS in 2013 in partnership with Partners Group.
Following completion of the exit, Silverfern Managing Partner Clive Holmes commented “The CSS investment demonstrates Silverfern’s unique investment strengths. We leveraged our global resources and local market knowledge to support CSS as it focused its business on high customer satisfaction and strong growth business segments. We are proud to have contributed to the growth and future of CSS as a result of our investment and ownership.”
CSS Corp. is a leading global provider of integrated technology support services offered predominately to U.S.-based companies through a global workforce of approximately 5,500 employees located across 11 offshore delivery centers. The company’s services include customer and product support and analytics, cloud migration and management support, enterprise security management and support, IT help desk, application mobile enabling and support, remote IT infrastructure management and support (“RIMS”), and network engineering, deployment, operations management, and analytics. Company website: https://www.csscorp.com
Silverfern is a global middle-market investment management firm. From its offices in Greenwich, Frankfurt and Sydney, its experienced, cohesive team of senior investment professionals makes investments in global middle-market private equity. Targeting $25 million to $50 million equity per investment in partnership with qualified local investment partners, whom we select for their specific industry knowledge and local market experience, Silverfern seeks to invest in buyouts, build-ups, acquisitions, growth equity and recapitalizations worldwide. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by opportunistically pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with qualified, local, investment partners on each of its investments. Silverfern is currently investing from Silverfern Global Opportunities Fund III. Additional information is available at www.silfern.com
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