Cloud5 Communications Announces Recapitalization Led by Oaktree

  • Cloud5 Communications
  • 10.23.19
Cloud5 Communications announced that funds managed by Oaktree Capital Management, L.P. (“Oaktree”), one of its primary investors, has acquired a majority interest position in the company. Cloud5 Communications is a leading provider of communications solutions for the world’s top hotel brands and management companies.

In this transaction, Oaktree recapitalized the company and invested additional growth capital to support its continued expansion. Oaktree is majority owned by Brookfield Asset Management Inc., who together have over $500 billion of assets under management. Cloud5 President & CEO Mark Holzberg will continue to lead the company and serve on its new board of directors.
 
“Throughout our relationship, we have been very impressed by the evolution and growth of Cloud5,” said Michael Shannon, Senior Vice President at Oaktree. “With Mark’s leadership and the impressive team he has built, Cloud5 has resulted in terrific growth and standing within the hospitality industry. We are very bullish on the Company and excited to be investing additional capital to support its continued growth.” Michael Shannon joined Cloud5’s Board as part of the transaction.
 
“We have a long history with Oaktree, and we are enthusiastic about its higher level of partnership and investment to accelerate the growth potential of Cloud5,” says Mark Holzberg, president & CEO of Cloud5 Communications. “Cloud5 is well positioned to further expand its ability to deliver superior communications solutions to the hospitality industry and enhance guest experiences throughout this next stage of advancement.”

Cloud5 is one of hospitality's leading communications technology & services provider. Its two world-class business units serve the unique needs of thousands of hotels from global brands and independents to management companies. Cloud5 Technology Services designs, builds and supports high-performance Internet and Voice solutions for hotels committed to offering the best guest connectivity experience. 


Related Articles
want to read more articles like this?

want to read more articles like this?

Sign up to receive our twice-a-month Watercooler and Siegel Sez Newsletters and never miss another article or news story.