Investment Summary

Exits CultureWorx

On January 25, 2002, invested in information technology company CultureWorx from Prism Capital

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in Minnesota.

Investment Summary
Date 2002-01-25
Target CultureWorx
Sector Information Technology
Sellers(s) Prism Capital
Deal Type Trade Sale

Target

CultureWorx

Minneapolis, Minnesota, United States
CultureWorx provides a hosted Internet-based performance management platform designed to align corporate goals with employee actions and behaviors. It does this by offering a real-time rewards and recognition system that instantly rewards and acknowledges employees/channel partners for achieving agreed upon actions. The result is a compelling ROI and more satisfied, productive, employees.

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Seller(S) 1

SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 30
Sector (Information Technology) 1 of 2
Type (Trade Sale) 1 of 2
State (Minnesota) 1 of 3
Country (United States) 1 of 30
Year (2002) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Angi

Denver, Colorado, United States

Angi is an online subscription-based service that compiles and maintains customer satisfaction reports on local service providers from its subscribers. ANGI Homeservices was founded in 2017 and is based in Denver, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-09 Fitzroy Dearborn Publishers

Chicago, Illinois, United States

Fitzroy Dearborn is a publisher of high quality reference books for the librarian market. Fitzroy Dearborn focuses primarily on the creation of proprietary content and has titles in areas including the arts, humanities, business, technology, and the social and physical sciences. Fitzroy Dearborn has editorial and marketing offices in Chicago and London.

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