Brookside Equity Partners backs Tellermate

Tellermate Holdings Limited has received an undisclosed investment from Brookside Equity Partners. Headquartered in Newport, Wales, Tellermate is a provider of weight-based cash counting equipment.

PRESS RELEASE

Brookside Equity Partners is pleased to announce its investment in Tellermate Holdings Limited, a leading manufacturer and distributor of electronic weight-based cash counting equipment. Tellermate supplies a diverse international customer base within the retail, food service, grocery, and finance industries. BEP led the buyout of the company alongside the existing management team to provide liquidity to its founding shareholders.

Founded in 1981, Tellermate’s cash counters process transactions valued in excess of $1 billion daily in over 20 currencies across 30 countries. The company is headquartered in Newport, Wales with sales offices in the United States, Germany, France, and Spain. Tellermate is the global market leader in weight-based cash counting equipment. Key products include:

T-ix: Introduced in 2009, T-ix is the latest generation of cash counters used for quick and accurate cash counts while reducing till loss and quickly providing information to management.

T-ice: Currently being introduced to the marketplace, T-ice is a smart cash drawer that provides real-time cash reconciliation with the ability to integrate with a customers’ electronic point of sale (EPOS) systems.

Tellermate’s direct consultative sales approach, product quality, and proven value proposition to its customers differentiates the company from its competitors. We encourage you to learn more by visiting www.tellermate.com.

About Brookside Equity Partners
Brookside Equity Partners sponsors control private equity investments in middle-market companies. We also co-invest equity alongside other investment firms, family offices and financial sponsors.

Brookside Equity Partners is not a traditional fund. Our capital is family capital, evergreen, patient and flexible. Our investment horizons are determined by the needs of the businesses in which we invest, rather than by outside limited partners. This flexibility distinguishes us from other private equity groups which may seek investment realizations based on fund raising cycles rather than fundamental business reasons. Brookside Equity Partners structures investments with a conservative capital base and a term that is appropriate for the companies in which we invest. We are proud of our successful investment track record, beginning with the inception of our predecessor entity in 1977.

Investment Criteria
The companies in which we invest typically exhibit the following attributes:
Revenue $15 to +$150 million
Superior management
EBITDA $3 to +$25 million
Consistent performance
Gross margin +25%
EBITDA margin +10%
Defensible market position
High returns on capital

Please contact us or visit our website at www.BrooksideEquity.com for additional information. We welcome investment proposals and promise a prompt and confidential response.

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