Navigation Capital Partners’ Portfolio Company Computex Sold to American Virtual Cloud Technologies
American Virtual Cloud Technologies, Inc. (AVCT)
Company Research
Source: Business Wire
Deal makes use of a SPAC IPO as investment vehicle to address work-from-home technology solutions ATLANTA--(BUSINESS WIRE)--Navigation Capital Partners (NCP), an Atlanta-based middle market private equity firm, today announced that its portfolio company Computex Technology Solutions (Computex) has completed its business combination with American Virtual Cloud Technologies (NASDAQ: AVCT).AVCT is a public company focused on the work-from-home technology space; however, AVCT was formerly a publicly-traded special purpose acquisition company (SPAC). This transaction is the first for NCP in a new focus on the use of SPACs as investment vehicles. SPACs have been rising in popularity in recent months; Bloomberg Law reports SPACs comprised nearly 30 percent of all IPOs in the first quarter of 2020.Computex, a leading IT solutions and Managed Services Provider (MSP), will continue to operate under its own name as a subsidiary of AVCT. Computex delivers solutions for data centers, enterprise
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