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Three Hills Capital Partners takes minority stake in Trak Global

Three Hills Capital Partners bought a minority stake in Trak Global Group Ltd.

The middle-market private equity firm provided over $50 million of growth capital into the telematics technology company, which will use the financing to boost the development of new products and services via its cloud-based single telematics platform DriveSync 6.

The company will use the investment to backs its growth in the North American market and is looking to further expand its acquisition activity.

PwC advised Trak Global on corporate finance, financial, commercial and tax due diligence, while DWF provided legal advice. KPMG advised Three Hills on corporate finance, financial and commercial, while EY, CMS and Anagram provided advice on tax, legal and technology, respectively.