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7 Secrets To Bank Equity Funding Without Collateral

Startup Professionals Musings

The first thing to remember is that banks only do loans – they generally don’t do equity investments like angels and venture capitalists (and vice versa). If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors. Bankers do not contribute equity. Money from other sources.

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LAC Group Gets Private Equity Investment

socalTECH

Los Angeles-based LAC Group , a provider of outsourced library, information, and knowledge management services, said today that it has received a private equity investment from TZP Growth Partners I. Size of the investment was not announced.

Equity 100
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Platinum Equity Buys OAO Technology Solutions

socalTECH

Los Angeles-based Platinum Equity has acquired OAO Technology Solutions , a provider of managed IT services and solutions based in Maryland, the firm announced this morning. Platinum Equity said it acquired OAO Technology Solutions from an affiliate of J.F. Tags: platinum equity merger acquisition private financial services.

Equity 145
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TaskUs Takes $250M From Blackstone

socalTECH

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M. READ MORE>>.

Outsource 100
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Vereco Acquired By Stella Point Capital

socalTECH

Laguna Niguel-based Vereco , a hospital and healthcare document management provider and outsourcer, has been acquired by private equity investor Stella Point Capital. The acquisition was financed by a senior credit facility from Monroe Capital LLC. Financial details of the deal were not annoucned.

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HandsOn3 Buys BancTec

socalTECH

Santa Monica-based buyout fund HandsOn3 said Thursday that it has acquired BancTec , a business process outsourcing (BPO) company based in Dallas, Texas. banctec handson3 buyout private equity merger acquisition business process outsourcing dataforce group' Financial terms of the buy were not disclosed. READ MORE>>.

Outsource 138
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TaskUs Continues Rapid Growth, Hits 15,000 Employees

socalTECH

Santa Monica-based business process outsourcing provider TaskUs , which provides customer service/experience, business processing, and other services to companies like Tinder, Hootsuite, and Mailchimp, has hit 15,000 employees, as it continues its rapid growth. READ MORE>>.

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