中文AV

(New York) 中文AV (鈥淥EP鈥�) announced today that it would be combining efforts with Augusta Columbia Capital in order to expand its presence in the technology and technology enabled services markets. OEP, a leading middle private equity firm founded by Dick Cashin, focuses on investing in family, carve out and platform companies and expanding those companies through add-on mergers. OEP, which spun out of JPMorgan in 2015, manages over $3.5 billion of equity capital. Through this transaction, OEP will increase its existing presence on the technology and technology enabled markets by adding the long history and market presence of Augusta Columbia. The transaction reunites Dick Cashin, President of OEP, with Chip Schorr, the founder of Augusta Columbia, who were partners at CVC, Citigroup鈥檚 longtime in-house private equity firm. Mr. Cashin remarked 鈥渢his transaction is a great fit with the OEP platform. Chip brings an unparalleled twenty year record investing in mid-market technology.鈥� Mr. Schorr will join the operating and investment committees of OEP effective with closing of the merger. Terms were not disclosed.