Northlane Capital Partners Invests in Discovery Data
BETHESDA, Md., August 9, 2018-- Northlane Capital Partners (“NCP”) announced today that it has made aninvestment in Discovery Data Holdings, Inc. (“Discovery Data”), aprovider of information services used to identify and reach firms andprofessionals in the financial services and insurance industries foreffective product distribution, recruitment, and targeted marketingcampaigns. NCP invested alongside Discovery Data’s existing managementteam, including CEO Bob Herrmann who will continue to lead the company.
With primary locations in Eatontown, NJ and Englewood, CO, DiscoveryData provides a SaaS solution to asset managers, wealth advisors,insurance companies, financial technology and service providers,including profiles of 2.3 million professionals and 40,000 firms, andworkflow software applications. Discovery Data is considered theindustry standard for accurate and up-to-date information on financialfirms and professionals. Additional information about Discovery Data isavailable on the company’s website at www.discoveryco.com.
“Our investment in Discovery Data presents an opportunity to leverageour experience in the information services sector and partner with agreat company and talented management team. We are very pleased towelcome Discovery Data to the NCP portfolio and to support its futuregrowth,” said Sean Eagle, Partner at NCP.
Bob Herrmann added, “We are excited to partner with NCP and continue therapid growth of Discovery Data. NCP provides valuable resources anddomain expertise that will enable us to further enhance the quality andquantity of our data, and ensure we provide the best possible solutionsand service to our clients.”
ABOUT NORTHLANE CAPITAL PARTNERS
Based in Bethesda, MD, Northlane Capital Partners currently manages a $1billion private equity fund investing in control buyouts of middlemarket companies based in North America. NCP focuses on the healthcareand business services sectors, and generally looks for platforminvestments with EBITDA of $5 million to $30 million. For moreinformation, please visit http://www.northlanecapital.com.
Northlane Capital Partners
Sean Eagle, Partner
Ryan Sacco, VicePresident
Venture Capital Database