Cloud X Partners is comprised of a select group of institutions, family offices, and high net worth individuals with deep expertise in business growth. Below are just a few profiles of our extensive roster of Our investors.
M2O was formed as a family investment office in 1992. The firm made its inaugural investment that same year in a ship mooring company, generating outsized returns over a 5 year period through hands-on investment strategies and direct management. Today, M2O's portfolio exceeds 40 private companies operating globally. M20 invests in high growth, small to mid-sized companies and unlike traditional private equity or venture capital groups, the firm's investment horizon is often 10 years or more. As a long-term investor, M20 consistently develops lasting relationships with the companies and entrepreneurs in which it invests.
MICHAEL F. O'CONNELL
Michael F. O’Connell is the Senior Managing Director at M2O, Inc. He oversees the assessment of investment opportunities and reviews the ongoing performance of portfolio companies. For most of his career, Michael was President and Managing Director of Anhalt, O’Connell & Steffanci Inc., a Los Angeles-based investment management firm with almost $1 billion under management. In 1992, Michael purchased the National Lines Bureau, a ship mooring company operating at the Los Angeles and Long Beach harbors, the largest (combined) commercial port in America. This initial, successful investment prompted many more and Michael soon shifted his focus from investment management to venture capital. Today, he leads M2O with a portfolio of more than 40 companies. Michael also sits on the board of American Biosurgical Inc., Veri-Tax, and Yates & Associates Insurance. Michael holds a B.A., with high honors, from Harvard College and an MBA from Harvard Business School.
Michael-Kevin (M-K) O’Connell joined M2O, Inc. as a Managing Director in 2009. He is responsible for sourcing and reviewing new investment opportunities as well as monitoring the performance of portfolio companies. Prior to joining M2O, M-K was a Manager with L.E.K. Consulting. During his tenure there, M-K led project teams across a diverse range of industries and business issues. His projects included the strategic due diligence of a $1 billion building materials company, the development of a customer contact and support strategy for a legacy airline, the strategic realignment and long-term plan for a major Los Angeles attraction, and the strategic due diligence of a leading equipment supplier to solar cell manufacturers. Before L.E.K., M-K worked in commercial real estate as the Director of Research for CB Richard Ellis in New England. M-K also sits on the board at Origo Commodities Management and is an advisor to Veri-Tax and Yates & Associates Insurance. M-K received his B.S, magna cum laude, from Boston College and his MBA from The Wharton School at the University of Pennsylvania where he was the recipient of the Thomas P. Gerrity Leadership Award for achieving “excellence in both academic and co-curricular pursuits.”
Ticonderoga Capital is a private equity firm that invests in small buyout and growth equity investments in profitable healthcare and software companies. Active investors, Ticonderoga is often represented on the Board of Directors and even CEO’s of our companies on an as-needed basis.
The Managing Partner of Ticonderoga Capital is Craig Jones, a 30-year veteran of the private equity and venture capital fields. He has served on the Board’s of 50 companies over the past 30 years and experienced every outcome from write-offs to 15X returns. Over time Ticonderoga has narrowed its focus to only two fields, healthcare and software. The healthcare investment focus includes healthcare services, healthcare IT, healthcare payment management systems, and other healthcare business services. In software and Internet driven companies, Ticonderoga invests in enterprise software, SaaS, and Internet B2B companies
Ticonderoga typically invests as part of syndicate mostly in majority purchases of companies with $4.0 to $40.0 million in revenue and at least $2.0 million in EBITDA. Occasionally Ticonderoga also participates in growth equity minority investments in profitable companies in these niches. Ticonderoga seeks to provide liquidity to founders and early investors and to help in the transition of management if necessary. With professionals in the Denver and Boston area, the firm invests anywhere in the U.S.
CRAIG A.T. JONES
Craig Jones is a 30 year veteran of the venture capital and private equity industry and currently runs the private equity firm Ticonderoga Capital and its portfolio company, InnoCentive. He has invested extensively in healthcare and software businesses, leading investments in over 60 companies in healthcare IT, healthcare business services, healthcare services, SaaS, and internet-based companies.
Mr. Jones has invested widely in virtually all subsectors of healthcare and has specialized in the past 10 years in technology-enabled healthcare business services, including revenue cycle management, clinical research management, fraud and abuse detection, data management, and disease management. Ticonderoga Capital sold HealthDataInsights for $400 million providing the Ticonderoga funds a 13X return on Mr. Jones’ portfolio investment. Ticonderoga sold TC3 Health for another strong return on Mr. Jones’ healthcare investments.
He is Chairman of the Board of the healthcare companies eStudySite and National Research Institute and both Executive Chairman and President of the leading crowd source innovation company InnoCentive. He is also a member of Board of Directors of Construction Software Technology.
Mr. Jones’ extensive private equity career includes Managing Partner of Ticonderoga Capital since 1997 where he has overseen investments of over $300 million. He was Managing Director at Dillon, Read & Co and head of its venture capital partnerships, Vice President at Advent International, Associate at Centennial Ventures and a consultant with Bain & Co.
Mr. Jones is a graduate Magna Cum Laude of Harvard Law School. He has participated as a member of the Board of Directors of the National Venture Capital Association and has founded a charter elementary school. He lives in Boulder Colorado with his wife and kids.
Koa Capital Partners
Koa Capital Partners was formed to invest in or acquire companies with $500,000 to $5.0 million in EBITDA. The firm's capital may be used to provide full or partial liquidity to entrepreneurs, family members, estates, passive investors, or corporate owners. Koa will also consider minority investments for growth as long as there is a strong management team in place.
Our investment philosophy, born out of our team’s tenured success in owning and running businesses, is to help owners and their stakeholders gain liquidity while working with management to maximize their company's value. Bringing over 40 years of operational experience to the table, we seek to maximize value over the long-term through strategic and operational involvement.
Mr. Sellers is the Co-Founder & Managing Partner at Koa Capital Partners. Prior to that he served as Co-President of ProService Hawaii and Managing Partner at Headland Partners. He has small business operating experience and a history of achievement in entrepreneurship and general management. Mr. Sellers spent most of his professional life in an entrepreneurial environment developing strong sales and marketing skills. He began his career in regional advertising firm, where he served as Director of Sales and was instrumental in the business' Asia expansion and eventual sale to the fifth largest global ad agency. In the beginning of his career he spent four years in management consulting working with fortune 500 growth companies. He joined Keen, as its first employee and helped grow the business into a profitable $60 million e-commerce company as its sole General Manager.
Mr. Sellers received an MBA from Kellogg, majoring in Marketing and Corporate Strategy.
Search Fund Partners
Search Fund Partners is a private equity firm specializing in acquisitions of companies that was founded in 2004 and is based in Menlo Park, California. It focuses on investments in micro-cap businesses acquired through leveraged buyouts. The firm prefers to invest in companies with revenues between $5 million and $30 million.
Search Fund Partners works closely with Search Fund entrepreneurs to acquire and build successful companies through an active, hands-on investment management approach to help entrepreneurs build lasting value companies. Its current portfolio includes over 30 privately held companies through the search fund model.
The Search Fund Partners team has over 40 years of management and investment experience in a wide spectrum of industries. Their experience spans every phase of business, including start-up management and venture capital fund-raising, both sides of corporate M&A, high level executive management, real estate syndication and small business management.
David Carver is a co-founder of Search Fund Partners. He and his partner, Rich Kelley, have spent the last nine years developing and managing the SFP portfolio. He is on the board of iNet Interactive, FastSpring, Great Bay Software, Advanced Network Solutions, UnitedLayer, DataFusion, StaffOne, WebEquity, Raptor Technologies and VRI. David spent thirty years as an executive in the high tech industry, and has extensive experience in all phases of business, including M&A, fund-raising, corporate strategy and operations. He was CEO of HiFive!, an application service provider; CEO of Hipbone Networks, an online collaboration company; EVP and GM at Network Associates; COO of Network General; an EIR at Institutional Venture Partners; and an executive at Hewlett-Packard, including ten years in the professional service/software divisions of HP.
Dave has an MBA from Stanford Graduate School of Business and a BS in Mathematics from the University of Arkansas. Dave and his wife Julia have two boys, RJ and Sam. He is active in community and non-profit organizations, having founded the Redwood Chapter of National Junior Basketball serving 650 children.
Rich Kelley co-founded Search Fund Partners in 2004. He currently serves on the boards of Discovia, HemaSource, Verengo, Avadyne, RIA in a Box, ISC, and Medical Positioning, Inc. Rich Kelley has been involved in numerous small businesses and start-up companies as an operator, owner, and investor. His varied experience includes: CFO of Score Learning Centers, CEO of San Jose Giants, General Partner of the Stanford Terrace Inn, developer of houses and subdivisions, owner of office buildings and hotels, investor in successful tech start-ups (Coinstar, PLX Technology, Corcept Therapeutics). He has also invested in many limited partnerships, including venture funds, and has been involved as a search fund investor since 1994.
Rich has an MBA from Stanford Graduate School of Business and a BA from Stanford University. Rich and his wife Gina have two children, Riley and Sam. He has served as an elected school board trustee and is active with the Positive Coaching Alliance and Sustainable Conservation as an advisor.
Jim Edmunds joined Search Fund Partners in 2008 after running a company sourced through the search fund model. Jim and his partner found and acquired Celebrity Kids Portrait Studios, a leading provider of upscale children's photography in 2005. Jim served as President and CFO of the company. He currently participates on the boards of Microdea, Neuro International, Consumeraffairs.com, Gogotech, and UCIT Online. Before launching a search fund, Jim was an Associate at McKinsey & Company in Palo Alto. Prior to attending business school, Jim conducted business development for PetSmart.com, managed a successful political campaign in Texas, and worked in Investment Banking and Equity Capital Markets at Bear Stearns.
Jim holds an MBA from the Stanford Graduate School of Business, where he was named a Siebel Scholar, and an AB in History from Harvard University. He is the treasurer of Building Futures Now, a non-profit dedicated to helping high potential students in East Palo Alto. He lives in Menlo Park with his wife Christine, daughter Emiko, and son Koji.