Investment Summary

Advantage Capital Partners and Enhanced Capital Partners Invest In Truist

On December 12, 2010, growth capital firm Advantage Capital Partners and private equity firm Enhanced Capital Partners invested in business services company Truist

Investment Highlights
  • This is Advantage Capital Partners’ 5th and Enhanced Capital Partners’ 6th transaction in the Business Services sector.
  • This is Advantage Capital Partners’ 106th and Enhanced Capital Partners’ 33rd transaction in the United States.
  • This is Advantage Capital Partners’ 4th and Enhanced Capital Partners’ 9th transaction in District of Columbia.

Investment Summary

Date 2010-12-12
Target Truist
Sector Business Services
Investor(s) Advantage Capital Partners
Enhanced Capital Partners
Deal Type Venture

Target

Truist

Washington, District of Columbia, United States
Truist connects donors and volunteers with worthy causes around the world. Our mission is to reach more contributors - more effectively and with the utmost cost efficiency - by leveraging our people, our comprehensive service suite, and our technology.

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Investor(S) 2

Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 106 of 329
Sector: Business Services M&A 5 of 15
Type: Venture M&A Deals 63 of 125
State: District of Columbia M&A 4 of 5
Country: United States M&A 106 of 325
Year: 2010 M&A 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 GridApp Systems

New York, New York, United States

GridApp Systems, Inc. is a provider of database automation solutions to help businesses gain control of their heterogeneous database infrastructures. Currently supporting hundreds of customer installations worldwide, across multiple industries such as financial services, pharmaceuticals, telecommunications, education, eCommerce and technology, GridApp's market products and services have helped businesses deploy and better manage their critical database assets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Corpay

Atlanta, Georgia, United States

Corpay is a global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. Corpay was formed in 1986 and is based in Atlanta, Georgia.

Sell -
Investor

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 33 of 48
Sector: Business Services M&A 6 of 8
Type: Venture M&A Deals 16 of 24
State: District of Columbia M&A 9 of 9
Country: United States M&A 33 of 48
Year: 2010 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-23 EnviRelation

Washington, District of Columbia, United States

EnviRelation is a provider of food composting services & carbon and sustainability reporting to leaders in the hospitality industries. EnviRelation has composted nearly 40,000 tons of food waste since its inception. EnviRelation was founded in 2006 and is based in Washington DC.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 Atherotech

Birmingham, Alabama, United States

Atherotech is a clinical reference laboratory specializing in diagnostic testing for cardio-metabolic disease. The Company’s proprietary “VAP” test allows physicians to identify at-risk patients through a variety of cholesterol and lipid bio-markers with much greater accuracy and at significantly lower cost to the health care system than competitive testing products. The company’s state-of-the-art central laboratory processes millions of tests annually.

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