M&A Deal Summary

Lovett Miller and Primus Capital Funds Acquire Peopleclick

On November 1, 1999, private equity firm Lovett Miller and Primus Capital Funds acquired software company Peopleclick for 7M USD

Acquisition Highlights
  • This is Lovett Miller’s 1st and Primus Capital Funds’ 1st transaction in the Software sector.
  • This is Lovett Miller’s and Primus Capital Funds’ 6th largest (disclosed) transaction.
  • This is Lovett Miller’s 1st and Primus Capital Funds’ 3rd transaction in the United States.
  • This is Lovett Miller’s 1st and Primus Capital Funds’ 2nd transaction in North Carolina.
Investment Fate
  • Peopleclick was sold to a strategic buyer in 2010.

M&A Deal Summary

Date 1999-11-01
Target Peopleclick
Sector Software
Buyer(s) Lovett Miller
Primus Capital Funds
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 7M USD

Target

Peopleclick

Raleigh, North Carolina, United States
website
Peopleclick is transforming talent management through best-of-breed suite technology and expertise. The company's talent lifecycle suite has changed the human capital management (HCM) landscape by providing a single source of talent lifecycle technologies, helping organizations expand not just their workforce, but their entire business. Peopleclick is based in Raleigh, North Carolina.

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Buyer(S) 2

Buyer

Lovett Miller

Neptune Beach, Florida, United States

Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 175M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lovett Miller & Co. is a private equity firm that provides growth and shareholder liquidity capital to high-growth privately held companies located in the Southeast US and Texas. Lovett Miller looks for businesses generating sales of $1 to $50 million and can commit up to $15 million per transaction. Areas of interest include technology products and services, healthcare services and devices, business services, consumer and retail, and financial services. The Firm prefers minority positions. Lovett Miller is based in Jacksonville, Florida with an additional office in Tampa.


DEAL STATS #
Overall 1 of 12
Sector (Software) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 1 of 12
Year (1999) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 United Dental Care

Dallas, Texas, United States

United Dental Care, Inc. is a managed care company which operates prepaid dental plans in Kansas, Missouri, Ohio, Pennsylvania, and Texas through its affiliation with more than 650 dentists.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-07 iLIANT

Tampa, Pennsylvania, United States

iLIANT Corporation, headquartered in Tampa, Florida, is a leading provider of outsourced technology management, application hosting and business services for physician practices. Its mission is to provide the knowledge and technology to support high quality care, improved services, optimal reimbursement and maximum efficiencies in a complex health care environment. (Board Member - Palmer P. Garson)

Buy -
Buyer

Primus Capital Funds

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $40 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus was formed in 1984 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 4 of 60
Sector (Software) 1 of 13
Type (Buyout (LBO, MBO, MBI)) 3 of 13
State (North Carolina) 2 of 2
Country (United States) 3 of 59
Year (1999) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-01 Marlin Capital Solutions

Mount Laurel, New Jersey, United States

Marlin Capital Solutions is a nationwide provider of capital solutions to small businesses with a mission of helping small businesses fulfill their American dream. Our products and services are offered directly to small businesses and through financing programs, with independent equipment dealers and other intermediaries. Marlin Capital Solutions was founded in 1997 and is based in Mount Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 LDMI Telecommunications

Southfield, Michigan, United States

LDMI Telecommunications, Inc. is an integrated communications provider serving small and mid-sized businesses in the Great Lakes region. Its services include local and long distance phone service, high speed sDSL Internet connectivity and enhanced products such as conference calling and voice mail.

Buy -