Milestone Partners LLC said June 6 that it led the acquisition of mTAB LLC, a provider of database services and cloud-based data analytics platforms for enterprise clients.
Woodforest National Bank provided a senior credit facility to support Milestone and its co-investors in the transaction, financial terms of which were not disclosed.
Milestone Partners had Pepper Hamilton LLP as its adviser, while mTAB was advised by Petsky Prunier and Goodwin Procter.
Milestone Partners makes control equity investments in established operating businesses with a focus on the tech-enabled solutions, financial services and tech-driven manufacturing sectors. Since 1995, the private equity firm has closed over 100 transactions and has managed over $650 million of capital commitments.
