Private equity firm Gainline Capital Partners completed the acquisition of SourceHOV Tax, a tax consulting group, from Exela Technologies, a location-agnostic global business process automation company, for $40m. "We are excited to have successfully completed this divestment, which instantly increases our liquidity and diversifies our funding capabilities as key part of our strategic plan shared in Q3 2019. This milestone not only improves our balance sheet in the near term, but also further enables the company to focus on its core business where we are best positioned for sustained long-term growth. With this transaction, we are becoming even better positioned to serve our customers by optimizing Exela’s business portfolio and focus," Ronald Cogburn, Exela CEO.