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Mill Point Capital closes carve-out of Pythian Group services division

An affiliate of Mill Point Capital LLC closed the acquisition of Pythian Group Inc.'s services division in a corporate carve-out transaction.

IT services provider Pythian plans to grow its data and cloud services business as a result of the investment partnership.

Mill Point Capital is a New York-based middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors.