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RLJ Equity Partners acquires majority stake in Crossfuze from Palladian Capital

RLJ Equity Partners LLC acquired a majority stake in Crossfuze LLC from fellow private equity firm Palladian Capital Partners, the PE Hub Network reported, citing a news release.

Crossfuze provides consulting, implementation and design services and resale of the ServiceNow technology platform.

OFS Capital Management provided a term loan and revolving line of credit for the transaction. Financial terms of the deal were not disclosed.

DLA Piper LLP provided legal counsel to RLJ Equity Partners. Chesia Shahinian & Giantomasi PC provided Palladian Capital legal counsel, and Raymond James & Associates served as its financial adviser.