Alliance Bernstein provided debt financing backing a majority recapitalization of Thrive by middle market private equity firm Court Square Capital Partners.
Thrive's existing financial sponsor, M/C Partners, will “continue to participate,” the companies said in a Jan. 28 statement. Senior management is also retaining a substantial ownership stake.
The investment will allow Thrive to accelerate technologies including ServiceNow, expand sales teams and grow organically and through acquisitions.
