JLL Partners Announces Sale of Mosaic Sales Solutions
NEW YORK — JLL Partners announced today the sale of Mosaic Sales Solutions (“Mosaic”), a leading provider of outsourced field sales and marketing services, to an affiliate of Court Square Capital Partners.
Frank Rodriguez, Managing Director of JLL Partners, said:
“We are very proud of the significant accomplishments that Mosaic achieved since our acquisition of the Company in 2003. We have worked closely with the Company’s management team to drive strong growth in the business, nearly tripling EBITDA and positioning Mosaic as the leading provider of field sales and marketing services.”
Jim Rose, the CEO of Mosaic, added:
“Our partnership with JLL has been very successful. We have created a highly scalable operating and technology infrastructure, expanded our customer base, and generated strong earnings growth during JLL’s ownership. We are excited to continue growing the business with an experienced private equity partner like Court Square.”
John Civantos, a Partner of Court Square Capital Partners, added:
“Court Square’s investment in Mosaic reflects our ongoing strategy of investing in marketing services companies with differentiated, value added services and exceptional management talent. Mosaic is well positioned to take advantage of the favorable macro trends in marketing and retail merchandising. We are very pleased to partner with Mosaic’s management team to help them execute the next stage of their growth plan.”
Through this transaction, JLL Partners realized a return on its investment in Mosaic of 2.9 times its invested capital and generated an IRR of 34%.
Morgan Stanley acted as a financial advisor to Mosaic in connection with this transaction.
About Mosaic
Mosaic is a leading field sales and marketing company in North America. Mosaic provides “people-facing” solutions in consumer and business-to-business environments through dedicated client teams in merchandising, selling, customer acquisition and event marketing service areas. Mosaic’s field specialists embody the image and soul of the brands they represent, providing clients a solution for the last three feet of the sale that maximizes ROI. More information regarding Mosaic can be found on its website, www.mosaic.com.
About JLL Partners
Founded in 1988, JLL Partners is a leading New York-based private equity investment firm with $3.2 billion of capital under management. JLL’s investment philosophy is to partner with outstanding management teams and invest with them in companies that they can continue to grow into market leaders. JLL has invested in a variety of industries, with a specific focus on financial services, business services, building products and healthcare services. More information regarding JLL can be found on its website, www.jllpartners.com.
About Court Square Capital Partners
Court Square Capital Partners (“CSC”) is one of the world’s oldest and most active private equity firms, having led over 250 private equity investments over the past 28 years. The firm focuses on acquiring a majority ownership position, in partnership with strong management teams, in middle market companies capable of significant earnings growth. CSC currently has over $6 billion of capital under management.
© Copyright 2008 JLL Partners