Venture • Information Technology

Claritas Capital Invests In Pace Payment Systems

On November 18, 2009, private equity firm Claritas Capital invested in information technology company Pace Payment Systems

Investment Context
  • This is Claritas Capital’s 1st transaction in the Information Technology sector.
  • This is Claritas Capital’s 5th transaction in the United States.
  • This is Claritas Capital’s 4th transaction in Tennessee.
Investment Fate
  • Pace Payment Systems was sold to a publicly-traded strategic buyer in 2019 for 53M USD.

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Investment Summary

Date November 18, 2009
Target Pace Payment Systems
Sector Information Technology
Investor(s) Claritas Capital
Deal Type Venture

Target Company

Pace Payment Systems

Murfreesboro, Tennessee, United States
Pace Payment Systems is a service payment solution provider that serves businesses by offering payment processing services for Visa, MasterCard, Discover, etc. Pace Payment Systems was founded in 1999 and is based in Murfreesboro, Tennessee.
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Investor Overview 1

DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.


Deal Context for Investor #
Overall 5 of 27
Sector: Information Technology 1 of 3
Type: Venture 5 of 17
State: Tennessee 4 of 14
Country: United States 5 of 27
Year: 2009 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-06 Edo Interactive

Nashville, Tennessee, United States

Edo Interactive, Inc. is a provider of personalize offers and make them automatically available through credit or debit cards and mobile devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-25 StudioNow

Nashville, Tennessee, United States

StudioNow is a video production company by developing a technology platform for marketers and agencies, internal studios, procurement departments, etc. It also offers a Production Marketplace. StudioNow was founded in 2007 and is based in Nashville, Tennessee.

Sell $37M