Investment Summary

Camden Partners and Goldman Sachs Merchant Banking Invest In Bluefin Payment Systems

On May 24, 2012, growth capital firm Camden Partners and private equity firm Goldman Sachs Merchant Banking invested in software company Bluefin Payment Systems

Investment Highlights
  • This is Camden Partners’ 4th and Goldman Sachs Merchant Banking’s 5th transaction in the Software sector.
  • This is Camden Partners’ 22nd and Goldman Sachs Merchant Banking’s 64th transaction in the United States.
  • This is Camden Partners’ 1st and Goldman Sachs Merchant Banking’s 2nd transaction in Georgia.

Investment Summary

Date 2012-05-24
Target Bluefin Payment Systems
Sector Software
Investor(s) Camden Partners
Goldman Sachs Merchant Banking
Deal Type Growth Capital

Target

Bluefin Payment Systems

Atlanta, Georgia, United States
Bluefin Payment Systems is a provider of customized payment services specifically developed for independent software vendors and their clients in the U.S. and Canada. Bluefin Payment Systems is based in Atlanta, Georgia.

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Investor(S) 2

Investor

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 23 of 37
Sector (Software) 4 of 7
Type (Growth Capital) 5 of 13
State (Georgia) 1 of 3
Country (United States) 22 of 36
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 WageWorks

San Mateo, California, United States

WageWorks is a provider of consumer-driven tax-advantaged spending accounts for health and dependent care and commuting. Products include flexible spending (FSA), health reimbursement (HRA), health savings (HSA), COBRA and commuter accounts. WageWorks, Inc. was formed in 2000 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 New Horizons

Tampa, Florida, United States

New Horizons takes the most advanced, up-to-date courses, instruction, and materials and tailor them to the specific learning styles, needs, and environments of people and businesses throughout the world. New Horizons training is available in the following areas: Microsoft, Cisco, VMware, CompTIA, Red Hat, Citrix, CertNexus, Automation Anywhere, IBM, Google Cloud, EC-Council, Axelos, and many others. Globally, New Horizons has trained over 30 million students, professionals, and executives in 35 countries in our 250 learning centers. New Horizons is based in West Conshohocken, Pennsylvania.

Buy $56M
Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 89 of 183
Sector (Software) 5 of 15
Type (Growth Capital) 5 of 27
State (Georgia) 2 of 5
Country (United States) 64 of 127
Year (2012) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 WHI Solutions

Rye Brook, New York, United States

WHI Solutions is a provider of e-commerce tools for the automotive aftermarket. The company facilitates the sale of millions of brand name auto and truck parts, accessories, performance products, and consumer items.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Drayer Physical Therapy Institute

Hummelstown, Pennsylvania, United States

Drayer Physical Therapy Institute is a operator of outpatient physical therapy clinics primarily focused on treating sports-related injuries and orthopedic disorders. The company operates 40 clinics, serving more than 30,000 patients annually. Drayer?s strategy is to operate its own clinics as well as to manage clinics owned by orthopedic physician groups. Drayer participates in a market that is gaining increasing awareness and acceptance among the provider and payor communities as physical therapy provides beneficial clinical outcomes at a fraction of the cost of surgeries or other diagnostic procedures. The company currently has owned and managed clinics in Pennsylvania, Kentucky, Maryland, New Jersey, New York, Georgia, and South Carolina.

Buy -