Bailey McCann
Pomona principal Greg Walters is leaving after five years at the firm.
The New York-based firm is looking for new ways to target consumer brands.
The firm is selling Mercury Payment Systems, which it acquired for $450m in 2010.
The California-based lower mid-market firm will make control investments in the technology sector.
The firm is selling Pinnacle roughly seven years after buying the company for $2.16bn.
The deal marks the third exit from ECP’s Central Africa growth capital fund.
The UK buyout firm will reap a 1.6x return from the sale to a new platform established by two US media giants.
The Maryland-based firm is putting together its third mid-market vehicle
Brian Ruder will oversee investments in technology, media and telecom from California.
Former principal Ralf Gleisberg has been with the firm since 2005.