NextGen Growth Partners (“NGP”) announced today that they have signed a definitive agreement to sell ConData Global (“ConData”), a global freight post audit and transportation spend analysis provider, to Astira Capital Partners. This marks a tremendous outcome for NGP.
Since 1956, ConData has been dedicated to delivering service excellence in global freight post audit, helping thousands of international brands optimize their transportation spend. ConData provides a comprehensive suite of professional solutions, including freight auditing, recovery services, and advanced data analytics to Fortune 500 companies and other major corporations across various industries.
Following NGP’s acquisition in 2018, ConData expanded its technological capabilities and streamlined its processes, solidifying its position as the industry leader in freight post-audit technologies. This period saw significant investments in automation and digital transformation, enhancing the company’s ability to serve its growing roster of high-profile clients. In 2020, ConData joined forces with TNL Global to expand logistics spend management solutions and optimization services.
“NextGen Growth Partners is immensely proud of our partnership with ConData, and we are honored to usher the team into this next phase of long-term growth under Astira’s ownership,” shared NGP Managing Partner Brian O’Connor. “This successful exit is a testament to our hands-on approach and commitment to working closely with innovative companies like ConData. We look forward to partnering with future operators as we continue our mission of accelerating growth and positioning companies for enduring success in their respective markets.”
“I am grateful for the ongoing support from the NGP team over the last six years,” said CEO Linda Barros. “NGP was instrumental in navigating industry changes and accelerating our digital transformation. We are undoubtedly well-positioned for further growth and expansion as we embark on this exciting new chapter.”
The acquisition process was supported by Harris Williams, who served as the sole financial advisor to ConData, and Baker Hostetler, who acted as legal advisor to ConData. Wofford Advisors served as strategic advisor to Astira, while Kirkland & Ellis provided legal counsel to Astira.
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