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Delos Capital Completes Investment in BancTec and Dataforce Group

Delos Capital Completes Investment in BancTec and Dataforce Group Delos Capital, LLC (“Delos”), a recently launched private equity firm based in New York City, announced today a new investment in partnership with HandsOn3 (“HGM”), a…

Delos Capital Completes Investment in BancTec and Dataforce Group

Delos Capital, LLC (“Delos”), a recently launched private equity firm based in New York City, announced today a new investment in partnership with HandsOn3 (“HGM”), a global buyout manager based in Santa Monica, California. The two firms partnered to consummate the combination of BancTec, Inc (“BancTec”) and Dataforce Group (“Dataforce”) (collectively, the “Companies”), a transaction which closed on April 3rd.

The combined company will have trailing annual revenues in excess of $280 million, serving a blue chip client base spanning over 50 countries, with a global team of more than 4,000 employees across 30 offices and operating centers.

“The Delos principals are excited to once again partner with HGM to create a well-diversified global provider of Business Process Outsourcing (“BPO”) services,” said Matthew Constantino, founder of Delos. “HGM and the Delos Principals have a long history of successfully partnering to create value for its portfolio companies and investors.”

“In partnership with Delos, we look forward to working with the combined talent of these already successful brands to grow additional operational scale and offer new and expanded solutions to its customers. We have a strong team and believe in its collective potential,” shared Jim Reynolds, Partner and COO of HandsOn 3, LLC.

About Delos Capital, LLC
Delos Capital, LLC, founded in 2013, invests opportunistically in North America-based lower middle- market companies in the Chemicals, Packaging, Industrials, Consumer and Services sectors. Delos has a history of completing complex transactions in these industries and employs a value-oriented sector- driven approach coupled with leveraging trends in the interrelated credit and equity markets.

About HandsOn3, LLC
HGM manages several global buyout funds and primarily has investments in the business process services, big data mining and industrial services sectors. Using its proven investment approach from prior funds, the fund’s typical strategy is to acquire diversified businesses led by experienced management teams, with strong fundamentals and significant performance improvement potential. Its business process services portfolio companies serve over 50% of the Fortune 100® companies and employ over 16,000 people in the US, UK, Canada, Germany, France, Spain, Hungary, Netherlands, Sweden, Estonia, Ireland, Scotland, India, Costa Rica, China, Mexico and the Philippines.

About BancTec, Inc.
BancTec is a global leader in business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial back- office processes. With clients in 50 countries, BancTec operates more than 20 delivery centers worldwide, utilizing a common technology platform to deliver reliability, security and consistently high levels of performance. BancTec’s business philosophy is based on building long-term, collaborative relationships – consistently providing business value to its clients, driving opportunity for its employees and creating significant return for its stockholders.

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