Investment Summary

HealthEdge Investment Partners, 424 Capital and Eagle Private Capital Invest In Alatus Solutions

On September 21, 2018, private equity firm HealthEdge Investment Partners, growth capital firm 424 Capital and mezzanine finance firm Eagle Private Capital invested in information technology company Alatus Solutions

Investment Highlights
  • This is HealthEdge Investment Partners’ 3rd, 424 Capital’s 3rd and Eagle Private Capital’s 4th transaction in the Information Technology sector.
  • This is HealthEdge Investment Partners’ 17th, 424 Capital’s 9th and Eagle Private Capital’s 76th transaction in the United States.
  • This is HealthEdge Investment Partners’ 2nd, 424 Capital’s 1st and Eagle Private Capital’s 2nd transaction in Georgia.

Investment Summary

Date 2018-09-21
Target Alatus Solutions
Sector Information Technology
Investor(s) HealthEdge Investment Partners
424 Capital
Eagle Private Capital
Deal Type Growth Capital

Target

Alatus Solutions

Sandy Springs, Georgia, United States
Alatus Solutions is a provider of technology-enabled practice optimization solutions to dental practices across the United States, helping practitioners increase productivity, improve profitability, and drive revenue growth. Alatus Solutions offers a comprehensive suite of services including website design and hosting, direct mail campaigns, pay-per-click advertising, reputation management, call tracking and analytics, and continuing education. Alatus Solutions was founded in 1995 and is based in Sandy Springs, Georgia.

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Investor(S) 3

Investor

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.


DEAL STATS #
Overall 17 of 24
Sector (Information Technology) 3 of 3
Type (Growth Capital) 3 of 8
State (Georgia) 2 of 2
Country (United States) 17 of 24
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Westone Laboratories

Colorado Springs, Colorado, United States

Westone Laboratories, Inc. is a designer and manufacturer of high-quality hearing healthcare and in-ear audio solutions, with products ranging from hearing protection devices and audiology supplies to custom hearing aid earpieces and high-fidelity earphones. Westone Laboratories was founded in 1959 and is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Data Dimensions

Janesville, Wisconsin, United States

Data Dimensions is a provider of outsourced document handling and workflow solutions for the P&C insurance, financial services and government industries. The company provides a complete range of outsourcing and professional services including mailroom management; document conversion services; data capture with OCR/ICR technologies; physical records storage and electronic retrieval services through our state of the art Tier III data center. Data Dimensions was founded in 1974 and is based in Janesville, Wisconsin.

Sell -
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 9 of 19
Sector (Information Technology) 3 of 5
Type (Growth Capital) 4 of 13
State (Georgia) 1 of 1
Country (United States) 9 of 19
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Tricast

Milwaukee, Wisconsin, United States

Tricast, Inc. is an operator of healthcare IT company focused on pharmacy benefits data monitoring and analytics. Tricast is based in Milwaukee, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 OnBoard Security

Wilmington, Massachusetts, United States

OnBoard Security, Inc. was created to help automotive and IoT organizations stay ahead of the curve through superior cybersecurity software and services. For nearly 20 years, the world-renowned experts at OnBoard Security have been pioneering technologies that protect the Internet of Things, now and for the future. The company addresses three significant challenges: ensuring the security and privacy of connected vehicles, accelerating the implementation of trusted computing, and helping avoid the existential threat from quantum computers to the integrity of the internet.

Sell -
Investor

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 76 of 86
Sector (Information Technology) 4 of 5
Type (Growth Capital) 14 of 17
State (Georgia) 2 of 2
Country (United States) 76 of 86
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Western Window Systems

Phoenix, Arizona, United States

Western Window Systems is a manufacturer of high-end, warm weather, custom aluminum windows and doors made for luxury homes, hotels, and office buildings. Western Window Systems was founded in 1959 and is based in Phoenix, Arizona.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 METALfx

Willits, California, United States

METALfx is a provider of precision sheet metal fabrications, enclosures, assemblies, and complex wood composite components across a variety of industries, including technology, healthcare, industrial, and others. METALfx was founded in 1976 and is based in Willits, California.

Buy -