Moelis Capital Partners LLC (“MCP”) announced today that it has closed the previously announced sale of Mxi Technologies, Ltd. (“Mxi” or the “Company”) to IFS, the global enterprise applications company, based in Linkoping, Sweden.
Founded in 1994 and headquartered in Ottawa, Canada, Mxi is the leading provider of integrated and intelligent maintenance management software solutions for the global aviation industry. The Company’s Maintenix software suite is uniquely designed to help aviation organizations maximize the revenue potential of their aviation assets through standard, lean, and predictive maintenance. Mxi’s global footprint ranges from emerging and mid-sized organizations to the largest global aviation enterprises, many of whom have multi-site deployments that scale to several thousand users. The Company’s blue chip customer base includes: Southwest Airlines, Air France, KLM, Qantas, China Airlines, LATAM, Icelandair, NetJets, Boeing, BAE Systems, Saab, Pratt & Whitney, and several of the world’s air forces. For more information visit: www.mxi.com.
Moelis & Company served as financial advisor and Parr Brown Gee & Loveless, PC and Osler Hoskin & Harcourt LLP served as legal counsel to the Company with respect to the transaction.
About Moelis Capital Partners:
Moelis Capital Partners LLC, a subsidiary of Moelis Asset Management LP, is a middle market private equity firm founded in 2007. MCP co-manages approximately $872 million of committed private equity capital with NexPhase Capital in traditional private equity investments. For more information, please visit www.moeliscapital.com.
About NexPhase Capital:
NexPhase Capital, formed by the former principals of Moelis Capital Partners, the private equity division of Moelis Asset Management (MAM), is a New York-based private equity firm that targets equity investments between $25 and $75 million in leading middle market, growth-oriented companies. In 2016, the former principals of MCP formed NexPhase to execute, on an independent basis, the same sector-focused strategy of completing control investments in lower middle market companies. NexPhase specializes in the healthcare, industrial services, software and consumer sectors. Led by Co-Managing Partners Kurt Larsen and Ted Yun, NexPhase continues to co-advise approximately $872 million of MCP’s legacy private equity capital. For more information, please visit www.NexPhase.com.
NexPhase Media Contact:
Partner & Head of Business Development
Mxi Media Contact:
T: 613-576-2480 ext. 7456