Middle-market private equity firm BV Investment Partners has recapitalized DTT, a provider of surveillance and business intelligence services to the restaurant and hospitality industries. Terms were not released. BV will have a controlling interest in the company. Formed in 1999, DTT is based in Los Angeles.
Post Capital Partners LLC (“Post Capital”) is pleased to announce the recapitalization of DTT Surveillance (“DTT”) by BV Investment Partners (“BV”). DTT was founded in 1999 and provides managed video surveillance and business intelligence services to the restaurant and hospitality industries. Since first launched, DTT has equipped, serviced, and supported more than 27,000 customer locations, including some of the world’s most popular and respected restaurant brands such as McDonald’s, Subway, Dairy Queen, Burger King, Dunkin Brands, and YUM Brands, among others.
Post Capital initially invested in DTT in June 2009 by leading a $7.0 million growth capital financing. This was DTT’s first institutional financing and was made in partnership with Sam Naficy, DTT’s President and CEO, to support his vision for the Company’s growth. Gemini Investors also participated in the June 2009 investment.
As part of the recapitalization, BV will acquire a controlling interest in the Company. Sam Naficy will continue as President and CEO of DTT, and will remain a significant shareholder in the Company. Post Capital will retain a minority ownership in DTT and will continue to serve on the Company’s board of directors. “We are very excited about DTT’s future, and the addition of BV will only accelerate the Company’s impressive growth,” said Michael Pfeffer, Post Capital Co-founder and Managing Director. “Sam and his team have built an incredible business at DTT, and we are excited to continue our partnership with them,” commented Mitch Davidson, Co-founder and Managing Director at Post Capital.
Commenting on the transaction, Sam Naficy said, “We are very pleased to have worked with Post Capital and their financial and strategic partnership was instrumental in DTT’s success. I am excited to welcome our new partner BV and to continue working with Post Capital to grow DTT in the future.”
Winston & Strawn served as legal advisor to Post Capital, while Jeffer Mangels Butler & Mitchell advised DTT. Morgan Keegan & Company served as financial advisor to DTT.
For more information, please contact Michael Pfeffer of Post Capital at 212-888-5700, ext. 203.
About Post Capital Partners
Post Capital (www.postcp.com) is a private investment firm that makes both minority growth and control investments in companies with a minimum of $10 million of revenue and $2 million of EBITDA. We primarily employ an “Executive First” investment strategy in which we partner with high-quality executives with successful track records in acquiring and building businesses. We invest in companies across a broad range of industries, focusing on businesses with repeat or recurring revenue models. Post Capital, based in New York City, has a committed capital fund with top tier institutional as well as sophisticated private investors.