Candescent Partners Leads Acquisition of Quadrant Software

Boston-based Candescent Partners has led a syndicate of firms in the buyout of Mansfield, Mass.-based Quadrant Software, which makes electronic document management software. Co-investors include Harbert Mezzanine Capital, Bush O'Donnell Capital Partners, Massachusetts Capital Resource Company and Brooke Private Equity Associates. The group bought Quadrant from its founders. Financial terms were not released.

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