Investment Summary

Crestline Investors Invests In BroadVoice

On December 17, 2020, asset manager Crestline Investors invested in communications company BroadVoice

Investment Highlights
  • This is Crestline Investors’ 1st transaction in the Communications sector.
  • This is Crestline Investors’ 6th transaction in the United States.
  • This is Crestline Investors’ 1st transaction in California.

Investment Summary

Date 2020-12-17
Target BroadVoice
Sector Communications
Investor(s) Crestline Investors
Deal Type Growth Capital

Target

BroadVoice

Northridge, California, United States
website
Broadvoice simplifies communications for small and medium businesses (SMBs) by combining powerful cloud PBX, UC, and collaboration features with a virtual call center in one award-winning Unified Communications as a Service (UCaaS) platform that delivers enterprise-class features at affordable rates. The platform is connected to Broadvoice's secure, redundant network and hosting infrastructure, enabling SMBs to connect with customers securely anytime, anywhere, and with any device. BroadVoice, Inc. was founded in 2003 and is based in Northridge, California.

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Investor(S) 1

DESCRIPTION

Crestline Investors is an alternative investment firm that specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. The Firm was formed in 1997 and is based in Forth Worth, Texas.


DEAL STATS #
Overall 9 of 10
Sector (Communications) 1 of 1
Type (Growth Capital) 7 of 8
State (California) 1 of 1
Country (United States) 6 of 7
Year (2020) 1 of 1
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