Alumni Capital Network and Triton Value Partners Announce First Investment

ATLANTA--(EON:Enhanced Online News)--Alumni Capital Network (“ACN”), a New York-based private equity firm and their partner Triton Value Partners, an Atlanta-based advisory firm announced the completion of ACN’s first investment.

“We are very proud of our association with ACN and look forward to a long and productive relationship – we are very excited about this first major transaction.”

On Tuesday, July 1, Alumni Capital Network participated as part of the investor group led by AIG Investments that acquired the Personal Communications Division (“PCD”) of UTStarcom, Inc. (NASDAQ:USTI). PCD is a leading distributor of niche mobile devices (feature phones, smart phones, wireless data cards) and accessories, as well as a provider of value-added services to mobile device manufacturers and wireless carriers. UTStarcom said in a regulatory filing that the purchase price is about $240 million, $24.3 million of which is subject to escrow and may be subject to a post-closing adjustment.

James P. Honohan, ACN’s President and CEO, stated, “We are very excited to back an experienced management team in one of the largest value-added distributors of mobile devices for the wireless telecommunication market.”

Jonathan Stearns, Managing Director, who led the transaction team for AIG, stated “By including ACN as part of our investment group, we have increased the value-add that can be provided at both a strategic and operational level.”

Jeffrey K. Zwitter, a Managing Director of Triton Value Partners, said “We are very proud of our association with ACN and look forward to a long and productive relationship – we are very excited about this first major transaction.”

Earlier this year, ACN announced that it has partnered with Triton Value Partners to actively seek equity investments in the Southeastern United States. As part of the relationship Triton is an active limited partner in the Alumni Capital Network Fund I, L.P. and works directly with Ron Stewart, Managing Director for Alumni Capital Network in the Southeast U.S., to share resources, account leads and targeted investments in the Southeast market.

ABOUT TRITON VALUE PARTNERS

Triton Value Partners is a full-service management advisory group that provides small and medium-sized enterprises with the mission critical experience, services and resources required to help them create and execute business plans that make the companies more valuable.

Triton’s team of Atlanta-based Partners boasts an average of twenty-five years of experience as corporate executives, business owners and professional investors. The firm draws upon this wealth of experience to provide a full range of advisory services including: strategic planning, business/market development, operations, and capital structure. Triton’s client service approach leverages its Partners’ functional expertise and industry skills to maximize the strength of each client’s organization and infrastructure.

Triton Value Partners is based in Atlanta, Georgia, but serves a client base that operates across the U.S. and internationally. More information on Triton Value Partners is available on the company’s web-site: www.tritonvp.com.

ABOUT ALUMNI CAPITAL NETWORK

Alumni Capital Network is a New York-based private equity investment firm with resources across the U.S., including teams in Atlanta, Boston, Chicago and Los Angeles. The firm was founded in 2006 by a group of former Accenture senior partners who have worked together for decades, and includes many former Accenture consulting colleagues and client executives among its ninety-plus investors.

Alumni Capital Network’s strategy is to invest knowledge capital along with financial capital in companies that offer the potential for significant value enhancement through strengthened operations and improved market positioning in combination with financial restructuring. The firm’s capabilities are differentiated by the deep industry, functional and technical skills of its more than fifty active investors, who collectively have more than a thousand years of consulting, operations and financial experience.

For more information on Alumni Capital Network, visit the company’s web-site at www.alumnicapitalnetwork.com.

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