E78 Partners expands with Virginia acquisition

OAK BROOK - E78 Partners, a provider of finance- and accounting-related solutions to the private capital industry, said it has acquired Cadilus Inc., a Richmond, Virginia-based company offering consulting, managed services and technology in the area of financial planning and analysis.

Terms of the acquisition, which became effective Monday, Feb. 28, were not disclosed.

"The addition of the talented Cadilus team and its powerful DataPAx technology platform, coupled with E78's in-depth understanding of private equity and portfolio company operations, will enable us to serve the market with the most comprehensive portfolio-monitoring solutions available," said John Signa, E78 Partners founder and CEO.

"After experiencing remarkable growth since our founding in 2018, we're excited to join the E78 family. Our shared vision, values, and focus on delivering value for our clients will only be strengthened through a broader portfolio of services and deeper bench of expertise," Cadilus co-founders Nick Fischer and Dan Shin said in a news release. They have joined E78 Partners along with their team, which will continue to be based in Richmond.

The acquisition is the first following an investment in E78 in December by funds advised by Further Global Capital Management, a private equity firm focused on financial services businesses.