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  6. CIP Capital Invests In People2.0

Investment Summary

CIP Capital Invests In People2.0

On April 24, 2019, private equity firm CIP Capital invested in staffing company People2.0

Investment Highlights
  • This is CIP Capital’s 2nd transaction in the Staffing sector.
  • This is CIP Capital’s 15th transaction in the United States.
  • This is CIP Capital’s 2nd transaction in Pennsylvania.
Investment Fate
  • People2.0 was sold to a consortium of financial buyers in 2021.

Investment Summary
Date 2019-04-24
Target People2.0
Sector Staffing
Investor(s) CIP Capital
Deal Type Growth Capital

Target

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.

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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 15 of 18
Sector: Staffing M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 6
State: Pennsylvania M&A 2 of 2
Country: United States M&A 15 of 18
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Attane

Kansas City, Missouri, United States

Attane is a provider of tech-enabled and data-driven marketing solutions to senior living communities. Attane helps senior living communities achieve occupancy and other key targets through its broad solution offering that includes market research, brand and communications management, lead generation and conversion strategies, marketing content development and distribution, sales enablement and training, and community engagement tools. Attane was founded in 1986 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 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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