Consero Global Receives Growth Capital Investment from Kayne Partners

AUSTIN, Texas–(BUSINESS WIRE)–Consero Global Solutions (“Consero”), a leader in cloud-based outsourced
finance and accounting services, announced today that it has closed a
$5.0 million investment by Kayne Partners. The growth capital investment
will enable Consero Global Solutions to further invest in its suite of
software and services, expand into new geographies and grow its
infrastructure. Kayne Partners is the growth private equity group of
Kayne Anderson Capital Advisors, L.P., a leading alternative investment
management firm with approximately $29 billion in assets under
management.

Headquartered in Austin, Consero Global Solutions provides finance and
back office outsourced services utilizing a cloud-based technology
platform to deliver more insightful financial information and scalable
back office services to customers ranging from SMBs to enterprise-level
businesses.

“With this collaboration with Kayne Partners, we can more rapidly deploy
enhancements to our software and services as well as expand our
geographic reach,” said Scott Tynes, Co-Founder CEO of Consero.
“Providing customers with even deeper visibility into the financial
performance of their business as well as greater back office reliability
and scalability so they can achieve their company goals is truly what
gets everyone at Consero excited.”

“We see a continued upward trend for the use of cloud-based outsourced
services to fulfill non-core business functions for growing companies,”
said Leon Chen, Vice President, Kayne Partners. “Consero is well
positioned to capitalize on the growing demand for outsourced finance
and accounting services through a unique combination of premium software
solutions and experienced industry professionals.”

“Kayne Partners is excited to work with a talented management team which
is building innovative products for underserved markets. Consero’s
offerings provide a strong value proposition for its customers and our
investment will help the company continue to build upon its solutions
and reach new customers,” said David Walsh, Managing Partner, Kayne
Partners.

About Consero Global Solutions

Consero was founded in 2006 with the vision of providing companies with
a superior alternative to building and maintaining an in-house finance
function. Consero’s services and integrated software help high growth
companies generate more insightful financial information and greater
efficiency in their financial operations. The Black Book of Outsourcing
recognizes Consero as the number one provider in the finance
accounting outsourcing industry. Consero is headquartered in Austin,
Texas and is privately held. To learn more about Consero and how it
provides financial and accounting outsourced solutions, visit www.conseroglobal.com
or call 512-535-6553.

About Kayne Partners

Kayne Partners is a leading provider of capital and connections to
rapidly growing companies in North America. Since its inception more
than a decade ago, it has invested over $600 million in platform
investments and add-on acquisitions. Kayne Partners seeks to partner
with driven entrepreneurs as a non-control minority investor and provide
transformative capital to these high growth companies. Kayne Partners is
the growth private equity group of Kayne Anderson Capital Advisors, L.P.
www.kaynepartners.com

About Kayne Anderson Capital Advisors, L.P.

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading
independent alternative investment management firm focused on niche
investing in upstream oil and gas companies, energy infrastructure,
specialized real estate, middle market credit, growth private equity and
distressed municipal opportunities. Kayne’s investment philosophy is to
pursue niches, with an emphasis on cash flow, where our knowledge and
sourcing advantages enable us to deliver above-average, risk-adjusted
investment returns. Kayne manages approximately $29 billion in assets
for institutional investors, family offices, high net worth and retail
clients and employs over 270 professionals in eight offices across the
United States.
www.kaynecapital.com

For more information on this transaction, please contact Leon Chen at
(310) 282-2834 or lchen@kaynecapital.com.

Article source: http://www.businesswire.com/news/home/20150115006136/en/Consero-Global-Receives-Growth-Capital-Investment-Kayne



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