Thursday, November 15, 2012

Vicente Capital Partners Buys Controlling Interest In Intellectual Technology

Los Angeles-based private equity firm Vicente Capital Partners announced Thursday that it has acquired a controlling interest in Intellectual Technology, Inc., a provider of technology and services for motor vehicle departments. Financial details of the buy were not disclosed. Intellectual Technology, Inc. is based in Carlsbad. Vicente Capital said the investment is its seventh of out of its $165M Growth Equity Fund; ITI was represented by Imperial Capital in the deal.

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