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Investment Summary

CIP Capital Invests In Benefit Resources

On August 19, 2019, private equity firm CIP Capital invested in business services company Benefit Resources

Investment Highlights
  • This is CIP Capital’s 1st transaction in the Business Services sector.
  • This is CIP Capital’s 16th transaction in the United States.
  • This is CIP Capital’s 3rd transaction in New York.
Investment Fate
  • Benefit Resources was sold to a strategic buyer in 2023.

Investment Summary
Date 2019-08-19
Target Benefit Resources
Sector Business Services
Investor(s) CIP Capital
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)
Nixon Peabody
Boylan Code (Legal)

Target

Benefit Resources

Rochester, New York, United States
Benefit Resources is a provider of consumer-directed benefit (CDB) solutions including FSA, HSA, HRA, and commuter benefit plan programs and COBRA services. BRI utilizes a proprietary suite of technology solutions coupled with a high-touch service model to deliver a superior offering to its over 3,500 clients and their employees. Benefit Resources, Inc. serves clients of all sizes nationwide with a focus on mid-market employers. Benefit Resources, Inc. was founded in 1993 and is headquartered in Rochester, NY with a secondary office in New York City.

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Investor(S) 1

Investor

CIP Capital

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 2010
Size Middle-Market
Type Sector Focused
DESCRIPTION

CIP Capital is a private equity firm focused on control investments in middle-market, North American business information and outsourced service companies. Specific areas of interest include B2B information management, business process outsourcing, marketing services and knowledge services. CIP looks to invest $25 to $125 million in transactions valued up to $200 million. Funds are typically used to fund buyouts or growth initiatives. CIP Capital was formed in 2010 and is based in New York City.

DEAL STATS #
Overall 16 of 18
Sector: Business Services M&A 1 of 2
Type: Growth Capital M&A Deals 5 of 6
State: New York M&A 3 of 3
Country: United States M&A 16 of 18
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 People2.0

King of Prussia, Pennsylvania, United States

People2.0 is a tech-enabled workforce deployment platform that provides employer of record/agent of record services and associated back-office support to staffing & recruiting firms, managed service providers, online recruitment platforms, recruitment process outsourcing, compliance service companies, and other talent acquisition service providers. People2.0 was founded in 2001 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 SBI

Southlake, Texas, United States

SBI is a Go-to-Market Growth Advisory, offering collaborative consulting, go-to-market benchmarks and data, and advisory services forged from serving as strategic implementers who have owned and operated marketing and sales at some of the world’s most successful growth companies. SBI was founded in 2006 and is based in Southlake, Texas.

Buy -
Mergr

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