
Riverside鈥檚 Latest Investment Helps Automotive Go Automatic
米兰体育, a global private equity firm focused on the smaller end of the middle market, has made a non-control investment in听, Inc. (Affinitiv), a portfolio company of CIP Capital, in connection with its transformative acquisition of Loop LLC (AutoLoop).听
Affinitiv and AutoLoop are leading providers of data-driven marketing automation and software solutions to the automotive market, offering an integrated product suite focused on retention marketing, scheduling and service lane software. The combined business will offer a comprehensive, end-to-end solution designed to maximize customer retention and dealership revenue throughout the entire ownership lifecycle. The combined company will operate under the Affinitiv brand name and will be headquartered in Chicago, Illinois.听
鈥淲e are thrilled to partner with CIP Capital to help the Affinitiv and AutoLoop teams integrate their offerings and provide an even more comprehensive product portfolio for their clients,鈥� said Riverside Partner Jeffrey Gordon. 鈥淎ffinitiv and AutoLoop combine two leaders in the industry, being the only fully integrated end-to-end solution available in the market.鈥�
This is one more example of Riverside鈥檚 commitment to investing in its Software and Information Technology Specialization. The firm has completed more than 130 investments in听Software & IT听and has a team of global experts dedicated to growing companies in the specialization.
Working with Jeffrey Gordon on the investment were Senior Associate Elena Laird and Associate James Danziger.
