Drayton Park Capital exits Agilence following successful refinancing
Posted on August 15, 2017 at 3:00 pm
Drayton Park Capital is pleased to announce another successful exit following the provision of new funding for Agilence Inc., the leading provider of cloud-based analytics for store operations and loss prevention, from Wellington Financial LP. In addition to refinancing Drayton Park Capital’s investment, the new funding will be used to further develop Agilence’s reporting solution that supports the mission-critical needs of some of the largest retailers, grocers, pharmacies, and chain restaurant operations in the United States.
As the world’s leading cloud-based data analytics provider, Agilence works with more than 118 brands encompassing over 35,000 stores, including Rite Aid, L Brands, Panera Bread, and BJ’s Wholesale Club, to deliver insights on performance, empowering them to make informed decisions move quickly, increase efficiency, and improve profit margins across the enterprise. The company’s 20/20 Data Analytics™ platform recently expanded from a focus strictly on retail to include versions that support the individual needs of restaurants and pharmacies. Each industry-specific product variation evaluates business performance at every stage of the sales cycle while also ensuring that customers remain compliant with corporate or government standards.
“The importance of data-driven decision-making in business is more crucial than ever, and at Agilence, we’ve built the leading unified solution for organizations to leverage the right insights from their POS data. These insights need to be accessible and delivered to every stakeholder, from franchisees to managers, in a way that immediately impacts the bottom line,” said Russ Hawkins, Chief Executive Officer of Agilence.
About Drayton Park Capital
Drayton Park Capital LP is an independent investment firm focused on investing opportunistically in lower mid-market companies headquartered in the United States. The firm provides flexible long-term turnaround and growth funding that is structured to meet the expectations of all stakeholders and provide appropriate risk-adjusted returns. Drayton Park Capital recently announced its exit of SPOT Canine Club, the leading provider of pet care services in Manhattan, as the result of the purchase of the business by strategic acquirer AKC Pet Care LLC, a wholly owned subsidiary of the American Kennel Club (AKC®). For further information regarding Drayton Park Capital, please visit www.draytonparkcapital.com.
About Agilence
Agilence is the industry leader in cloud-based data analytics solutions for store operations and loss prevention for retail and restaurant organizations. Agilence develops the 20/20 Data Analytics™ platform, which includes 20/20 Retail™, 20/20 F&B™ and 20/20 Rx™, three highly flexible and powerful cloud-based reporting solutions. 20/20 provides organizations with a complete view of their business, empowering them to make informed decisions move quickly, to increase efficiency, and improve profit margins across the enterprise. Agilence, Inc. is headquartered in Mount Laurel, N.J. For further information regarding Agilence, please visit www.agilenceinc.com.
About Wellington Financial
Wellington Financial LP is a privately-held specialty finance firm providing term, venture, and amortizing loans up to $40 million. Wellington Financial LP is currently managing a $900 million investment program with offices in Menlo Park, New York, Santa Monica, and Toronto. Wellington Financial LP is managed by a partnership controlled by a fund management Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to the Fund. LPs include several of Canada’s largest institutional investors, crown corporations, financial institutions, and pension funds. Please visit the fund website at www.wellingtonfund.com.