Investment Summary

Pamlico Capital Invests In Cartegraph

On September 19, 2017, private equity firm Pamlico Capital invested in internet software and services company Cartegraph

Investment Highlights
  • This is Pamlico Capital’s 6th transaction in the Internet Software and Services sector.
  • This is Pamlico Capital’s 58th transaction in the United States.
  • This is Pamlico Capital’s 2nd transaction in Iowa.
Investment Fate
  • Cartegraph was sold to a strategic buyer in 2022.

Investment Summary

Date 2017-09-19
Target Cartegraph
Sector Internet Software and Services
Investor(s) Pamlico Capital
Deal Type Growth Capital
Advisor(s) GLC Advisors & Co. (Financial)
Bryan Cave Leighton Paisner (BCLP) (Legal)

Target

Cartegraph

Dubuque, Iowa, United States
Cartegraph is a provider of SaaS-based asset management solutions to local governments. The company devotes itself to cities, counties, and government agencies seeking to be more effective, efficient, and productive in their daily operations. It builds software that empowers users to capture infrastructure asset data, analyze it, and use it to prepare for the future. Cartegraph was established in 1994 and is based in Dubuque, Iowa.

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Investor(S) 1

Investor

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 60 of 87
Sector: Internet Software and Services M&A 6 of 8
Type: Growth Capital M&A Deals 13 of 31
State: Iowa M&A 2 of 3
Country: United States M&A 58 of 82
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Lightower Fiber Networks

Boxborough, Massachusetts, United States

Lightower Fiber Networks LLC is a fiber network and broadband service provider in the Northeast, offering over 4,600 fiber route miles coupled with comprehensive transport, alternative access, and nationwide long haul services.

Sell $7.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Secure-24 Intermediate Holdings

Southfield, Michigan, United States

Secure-24 Intermediate Holdings, Inc. is a provider of managed IT operations, hosting and cloud services, providing highly available environments and expert management and support for your business critical applications. Secure-24 Intermediate Holdings, Inc. was established in 2001 and is based in Southfield, Michigan.

Sell -