Spire Capital Partners, a middle market buyout firm, has launched Ariston Global Partners, a new entity that will acquire companies providing services to communications companies.
Ariston will acquire, develop and make majority investments in software, billing, customer care, outsourced services, hardware testing and other tool set companies required by hardware providers and communications carriers.
The new entity made its first investment on April 21, 2006 in TeleSciences. The Mt. Laurel, New Jersey-based company was founded in 1967 and provides software to communications service providers for mediation and customer self service to a global customer base. Ariston invested alongside the existing management team, all of which will remain with the company.
Ariston will be headed by Steve Dubnik and Kevin Dickens, both formerly of Choice One Communications.
Dubnik said in a statement that the rapid transition to Internet Protocol based networks by service providers has created a need for tools and services, and that need is currently underserved. “The technology and regulatory changes that are occurring in telecommunications are creating the need for new services from existing communication companies as well as enabling the creation of new companies,” Dubnik said.
Target clients of the companies Ariston plans to acquire include telecommunications carriers, wireless/wireline service providers, cable MSOs, VOIP service providers and communications hardware manufacturers.
Spire has approximately $350 million of capital under management. The firm’s past investments have included buyouts, recapitalizations, industry consolidations and growth equity investments in the media, communications, information services and business services industries. Spire typically invests between $10 million and $40 million in companies with enterprise values from $25 million to $400 million.