Investment Summary

424 Capital and Eagle Private Capital Invest In Coronis Health

On November 1, 2016, growth capital firm 424 Capital and mezzanine finance firm Eagle Private Capital invested in information technology company Coronis Health

Investment Highlights
  • This is 424 Capital’s 2nd and Eagle Private Capital’s 2nd transaction in the Information Technology sector.
  • This is 424 Capital’s 7th and Eagle Private Capital’s 66th transaction in the United States.
  • This is 424 Capital’s 1st and Eagle Private Capital’s 1st transaction in Maryland.
Investment Fate
  • Coronis Health was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2016-11-01
Target Coronis Health
Sector Information Technology
Investor(s) 424 Capital
Eagle Private Capital
Deal Type Stake Purchase

Target

Coronis Health

Sykesville, Maryland, United States
Coronis Health is a scaled revenue cycle management platform providing end-to-end technology-enabled solutions to a diverse set of healthcare providers across the US. Coronis Health was founded in 2015 and is based in Sykesville, Maryland.

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Investor(S) 2

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 7 of 19
Sector: Information Technology M&A 2 of 5
Type: Stake Purchase M&A Deals 1 of 1
State: Maryland M&A 1 of 2
Country: United States M&A 7 of 19
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Certica Solutions

Wakefield, Massachusetts, United States

Certica Solutions, Inc. provides an education technology platform, content and data solutions that enable K-12 educators and administrators to improve instructional and organizational performance. Certica partners with a diverse network of education technology companies, publishers and assessment providers; and delivers solutions directly to over 500 school districts, charter schools and educational service agencies. Certica Solutions was founded in 2000 and is based in Wakefield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 RSI Content Solutions India Pvt.

Chennai, India

RSI Content Solutions India Pvt. Ltd. provides custom software development services and consulting support to companies around the world. The scalable XML CCMS platforms and products from RSI have helped publishers, government organizations, manufacturers, non-profits and a host of other companies in various industries transform their publishing programs to meet their publishing goals. RSI Content Solutions is based in Chennai, India.

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 66 of 87
Sector: Information Technology M&A 2 of 5
Type: Stake Purchase M&A Deals 1 of 1
State: Maryland M&A 1 of 2
Country: United States M&A 66 of 87
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Viking Plastics

Corry, Pennsylvania, United States

Viking Plastics is a manufacturer of tight-tolerance and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics was founded in 1972 and is based in Corry, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-06 HydroWorx

Middletown, Pennsylvania, United States

HydroWorx manufactures aquatic therapy products with built-in underwater treadmills, resistance jets, and moveable floors to enhance rehabilitation and conditioning outcomes. HydroWorx was founded in 1997 and is based in Middletown, Pennsylvania.

Buy -