Parthenon Capital invests in Stratose

Parthenon Capital Partners said Tuesday it has invested in Stratose Inc. via a recapitalization. Existing Stratose shareholders will retain “meaningful” ownership stakes. Financial terms weren’t announced. Atlanta-based Stratose provides healthcare cost containment solutions for medical, dental and workers’ compensation payers, third-party administrators, self-funded entities and risk-bearing providers. Piper Jaffray & Co. advised Stratose.


Bracket, Clintara to combine

Bracket Global LLC and Clintara have agreed to merge. Financial terms weren’t announced. Boston-based Clintara is a clinical service and technology company. Bracket, of Wayne, Pennsylvania, is a technology firm for clinical trials that is backed by Parthenon Capital Partners.


Parthenon Capital Partners sells Sequoia Golf Holdings

Parthenon Capital Partners has sold portfolio company Sequoia Golf Holdings to ClubCorp for approximately $265 million. Headquartered in Atlanta, GA, Sequoia owns or operates 50 private clubs, semi-private and resort golf facilities located across the U.S.


ACON completes IWP acquisition from Audax and Parthenon Capital

ACON has closed its buy of Injured Workers Pharmacy, a specialty home delivery pharmacy. The sellers were Audax Group and Parthenon Capital Partners. No financial terms were disclosed. Joining ACON on the transaction were Triton Pacific as well as Patrick Keefe and Tracy Finn, two former Omnicare senior executives. Ken Martino, president and CEO of IWP, will continue to lead the company. Citizens Bank provided the debt financing for the deal while Jefferies served as financial adviser to IWP.

Parthenon Invests in Envysion

Parthenon Capital Partners has made an investment in Envysion. Financial terms weren’t announced. Louisville, Colo.-based Envysion provides managed video surveillance as a service for QSR, retail, wireless, convenience store and cinema customers.

New Mountain Capital Backs AmWINS in $1.3bn Recap

New Mountain Capital is backing Charlotte, N.C -headquartered AmWINS Group, a global distributor of insurance products and services in a growth-oriented recapitalization valued at approximately $1.3 billion. Mid-market private equity firm Parthenon Capital Partners is selling its stake in the business. Other terms of the transaction were not disclosed. PRESS RELEASE AmWINS Group, Inc. (“AmWINS”), […]

Parthenon Capital Partners Closes $700M Fund

Parthenon Capital Partners, a middle-market private equity shop, has closed its latest fund, Parthenon Investors IV, L.P., with $700 million. Based in Boston and San Francisco, Parthenon Capital focuses on business services, financial and insurance services and healthcare investments. –cn PRESS RELEASE Parthenon Capital Partners, a leading middle market private equity firm with offices in […]

Parthenon, Others Complete Buy of H.D. Vest

Parthenon Capital Partners, Lovell Minnick Partners and Fisher Lynch have completed the acquisition of H.D. Vest Financial Services from Wells Fargo. Terms of the deal were not released. Irving, Texas-based H.D. Vest is a broker/dealer providing investment and financial advisory services to retail investors through tax professionals.

Parthenon Cap To Acquire Well Fargo’s Vest Financial

Parthenon Capital Partners agreed Thursday to acquire Wells Fargo & Co.’s H.D. Vest Financial Services business.  H.D. Vest’s existing management team, led by Roger Ochs, will continue to operate the Irving, Texas, business.No financial terms were disclosed. PRESS RELEASE Parthenon Capital Partners and Wells Fargo & Company (NYSE: WFC) have entered into a definitive agreement […]

Parthenon Capital Backs Eliza Corp.

Eliza Corp., a provider of integrated healthcare communication strategies, analytics and business intelligence, has inked an undisclosed amount of financing from private equity firm Parthenon Capital Partners. The round is the first institutional financing for Eliza, and will be used to provide liquidity to some shareholders as well as provide growth capital. Following the transaction, Eliza’s founders and senior management team will continue to own a majority of the company. Parthenon has offices in Boston and San Francisco.

EQT Buys Restaurant Tech from Parthenon, ABS

Private equity firm EQT will buy Restaurant Technologies Inc. from Parthenon Capital Partners and ABS Capital Partners. Financial terms of the deal were not released. RTI is a provider of cooking oil management services to the foodservice industry. The investment comes out of EQT Infrastructure, a 1.2 billion euro fund launched 2008 by EQT.

Parthenon Recaps Social Service Coordinators

Buyout shop Parthenon Capital Partners said that it has recapped Social Service Coordinators Inc., and combined the company with existing portfolio company The Coding Source. Financial terms of the deal were not released. Social Service Coordinators provides revenue cycle management services for health plans. The Coding Source provides risk adjustment services to Medicare Advantage and Managed Medicaid plans. Parthenon has offices in Boston and San Francisco.

Parthenon Invests $15 Million in Seaside National Bank

Parthenon Capital Partners completed a $15 million investment in Seaside National Bank & Trust, a nationally-chartered commercial bank headquartered in Orlando, Florida. The investment will be made through the bank’s holding company, Three Shores Bancorporation, with funds from Parthenon Investors III, L.P. The investment made by Parthenon Capital Partners was complemented by investments from Lovell Minnick Partners, Continental Investors and a group of existing shareholders for a total of over $40 million.

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