Parthenon completes Millennium Trust acquisition

By Iris Dorbian — 2 months ago

Parthenon Capital Partners has closed its previously announced buy of Oak Brook, Illinois-based Millennium Trust, a provider of administrative and custodial services for both retirement and taxable investment accounts. No financial terms were disclosed.

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Parthenon ups Sadek to partner

By Iris Dorbian — 4 months ago

Boston and San Francisco-based mid-market private equity firm Parthenon Capital Partners has promoted Zach F. Sadek to partner. Sadek has worked at Parthenon for 12 years. Prior to joining the firm, he was an analyst specializing in mergers and acquisitions at Dresdner Kleinwort Wasserstein.

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PE-backed LoanDepot files for IPO

By Iris Dorbian — 4 months ago

California-based consumer lender LoanDepot Inc has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Barclays and UBS Investment Bank will serve as the lead underwriters. LoanDepot is backed by Parthenon Capital Partners.

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PE-backed Ascension Insurance promotes one to president and another to CFO

By Iris Dorbian — 5 months ago

Ascension Insurance‘s parent company Ascension Insurance Holdings LLC has promoted Edward Nathan Page to president and Jamie Linden to chief financial officer. The appointments became effective September 1. Previously, Page had been the company’s CFO and executive vice president while Linden was its vice president of finance and Western regional chief financial officer. Ascension is a portfolio company of Parthenon Capital and Century Capital Management.

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Ascension Insurance buys Belvedere Pacific Insurance

By Luisa Beltran — 10 months ago

Ascension Insurance Inc. has acquired Belvedere Pacific Insurance Services Inc. Financial terms weren’t announced. Corte Madera, California-based Belvedere is an employee benefits and insurance brokerage firm. Ascension is a portfolio company of Parthenon Capital and Century Capital Management.

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PE-backed Periscope Holdings acquires BidSync

By Iris Dorbian — 1 year ago

Periscope Holdings, which is backed by Parthenon Capital, has bought BidSync. No financial terms were disclosed. Stephens was financial advisor to Periscope Holdings on the transaction while Piper Jaffray provided financial advice to BidSync. Headquartered in American Fork, Utah, BidSync is a provider of procurement and bid notification solutions for the public sector.

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North Castle Makes Atkins Tastier and Gets 5X Return

By Luisa Beltran — 5 years ago

Today, I was shocked by the following deal news: North Castle Partners has sold Atkins Nutritional Holdings to Roark Capital. Was this the same Atkins that nearly took down Parthenon Capital several years ago? Wasn’t North Castle widely ridiculed for buying Atkins? Yes and yes. But North Castle is making a 5x return on their […]

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TH Lee Buying Intermedix from Parthenon

By Dan Primack — 6 years ago

Parthenon Capital looks ready to sell Intermedix Corp., a provider of billing and other business process solutions to emergency services providers. An FTC alert suggests that the buyer would be fellow buyout firm THL Partners, although no pricing details were disclosed. Such FTC reports typically mean that the buyer and seller have an agreement in […]

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Triad Isotopes Buys Radiopharmacies from Covidien

By PEHub Administrator — 6 years ago

Covidien (NYSE: COV) has sold its U.S. radiopharmacy network to Triad Isotopes Inc., an Orlando, Fla.-based provider of radiopharmaceuticals that are used for both diagnostic imaging procedures and disease treatment. No financial terms were disclosed. Triad Isotopes is a portfolio company of Parthenon Capital.

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Parthenon Capital Backs Loan Depot

By PEHub Administrator — 6 years ago

LoanDepot, an Irvine, Calif.-based online provider of consumer direct mortgage origination, has raised an undisclosed amount of growth equity funding from Parthenon Capital Partners. Company CEO Anthony Hsieh co-invested alongside Parthenon.

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Intermedix Buys HRA Medical Management

By PEHub Administrator — 7 years ago

Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired HRA Medical Management Inc., a San Diego-based provider of emergency physician and hospitalist billing services to medical practice groups. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.

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Health Club Media Network Adds On

By PEHub Administrator — 7 years ago

Health Club Media Network, a Los Angeles-based provider of advertising and marketing opportunities to national brands through US health clubs, has acquired Alloy Fitness Network from Alloy Media + Marketing. No pricing terms were disclosed for the deal, which includes an up-front cash payment and possible earn-outs. HCMN is a portfolio company of Parthenon Capital.

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Intermedix Adds On

By PEHub Administrator — 7 years ago

Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired Alexander Billing and Consulting, a San Antonio-based provider of EMS billing services. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.

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AmWINS Bulks Up

By PEHub Administrator — 7 years ago

AmWINS Group Inc., a Charlotte, N.C.-based wholesale distributor of specialty insurance products and services, has acquired National Insurance Wholesalers, an insurance wholesaler of medical stop-loss insurance for self-insured companies, from Clark & Wamberg LLC. No financial terms were disclosed. AmWINS is a portfolio company of Parthenon Capital.

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