May 28, 2015

Allen, TX (May 28, 2015) – Santa Monica-based Bison Capital Partners IV, LP (“Bison Capital”) announced today that it has closed an investment in CVE Technology Group, Inc. (“CVE”), a leading provider of smartphone repair and refurbishment services to cellular phone manufacturers, wireless carriers and insurers. CVE performs a full range of repairs, ranging from simple cosmetic work to complete device remanufacturing. The company has combined engineering expertise, automation, and advanced manufacturing techniques to create a scalable, replicable process producing industry-leading throughput and quality.

CVE is at the forefront of a rapidly growing market, as the proliferation of smartphones and related device protection programs has driven increased focus on providing quality devices to consumers at reasonable prices. As device makers and insurance providers increasingly focus on providing the highest quality product to consumers at the lowest cost, CVE’s leading turnaround times and production yield present significant value to customers. Consequently, CVE has seen several major customer wins in recent years.

Bison Capital is a Los Angeles and New York based private equity firm that makes growth capital investments in middle‐market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. www.bisoncapital.com