Alantra advised Riviera Partners on Growth Equity Financing from Kayne Partners and ROCA Partners
SECTORTechnology
ServiceM&A
Alantra is pleased to announce its client, Riviera Partners, has secured a $25 million minority investment from the growth equity teams at Kayne Anderson Capital Advisors and ROCA Partners.
“Technological advancement is the most important driver of company growth and value creation,” said Will Hunsinger, CEO of Riviera Partners, in a company statement. “Riviera places technology leaders that power this transformation for companies of all sizes, enabling them to deliver products and services that serve customers better than ever before. We have the most experienced, data-driven recruiting team in the industry, a powerful platform that speeds the process, and the best candidate relationships. Our partners choose Riviera because of our proven track record, and they are confident that by working with us, they’ll make a great hire.”
“We were immediately impressed by the way Riviera leverages technology to amplify its business,” said Kelemen Papp, Managing Director and Partner at Alantra. “They are literally changing the way the game is played.”
“The Company’s differentiated data and algorithms coupled with a truly software-driven recruiting process has made them the go-to firm for placing top tech talent at industry-leading companies,” added Irfan Iqbal, Managing Director and Co-Head of Technology at Alantra. “Riviera has a proven vision for modernizing the recruiting sector. With this injection of growth capital from top tier investment partners, we are excited to see how they advance the market.”
Founded in 2002, Riviera Partners is a leading retained search firm specializing in placements of executive leadership in engineering, product and design talent. The company combines strong, personal relationships with a network of top talent in the tech sector along with proprietary software, data and sophisticated machine learning algorithms to maximize success for clients. The company aims to provide a short list of exceptional candidates within 30 days and boasts a placement success rate upwards of 95%. The firm has placed senior executives at many of today’s leading technology companies including Asana, Dropbox, GitHub, DoorDash, Hulu, Pinterest, and Uber, among others. Riviera is headquartered in San Francisco and has additional offices in New York City, Los Angeles, Chicago, Seattle, and Bozeman.
Kayne Partners, the dedicated growth private equity group of Kayne Anderson Capital Advisors, L.P., is a leading provider of capital and connections to privately held, high growth, enterprise software and tech-enabled service businesses in North America.
ROCA Partners is a Los Angeles-based private equity investment firm focused on providing leading technology-enabled services and healthcare services companies with flexible capital and operational resources to accelerate growth.
