Investment Summary

Eagle Private Capital, Plexus Capital and 424 Capital Invest In Practis

On December 31, 2019, mezzanine finance firm Eagle Private Capital, private equity firm Plexus Capital and growth capital firm 424 Capital invested in marketing company Practis

Investment Highlights
  • This is Eagle Private Capital’s 4th, Plexus Capital’s 1st and 424 Capital’s 1st transaction in the Marketing sector.
  • This is Eagle Private Capital’s 82nd, Plexus Capital’s 90th and 424 Capital’s 10th transaction in the United States.
  • This is Eagle Private Capital’s 4th, Plexus Capital’s 12th and 424 Capital’s 1st transaction in North Carolina.

Investment Summary

Date 2019-12-31
Target Practis
Sector Marketing
Investor(s) Eagle Private Capital
Plexus Capital
424 Capital
Deal Type Growth Capital

Target

Practis

Charlotte, North Carolina, United States
Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was founded in 1998 and is based in Charlotte, North Carolina.

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Investor(S) 3

Investor

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 82 of 87
Sector: Marketing M&A 4 of 5
Type: Growth Capital M&A Deals 16 of 17
State: North Carolina M&A 4 of 5
Country: United States M&A 82 of 87
Year: 2019 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 TriStar

Overland Park, Kansas, United States

TriStar is a provider of full-service event marketing services to the nation's top healthcare associations. TriStar was founded in 2002 and is based in Overland Park, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Radian Generation

Charlotte, North Carolina, United States

Radian Generation is a global asset management firm serving the renewable power industry providing both software and tech-enabled services to some of the world’s largest investors in commercial and utility-scale solar and wind infrastructure. The Radian team is a group of top industry experts, armed with their proprietary LENS technology platform, who deliver measurable results through the automation of proven best practices of solar and wind asset management. Radian Generation was founded in 2013 and is based in Charlotte, North Carolina.

Buy -
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 90 of 149
Sector: Marketing M&A 1 of 2
Type: Growth Capital M&A Deals 10 of 30
State: North Carolina M&A 12 of 19
Country: United States M&A 90 of 149
Year: 2019 M&A 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Legacy-Xspire

Ridgeland, Mississippi, United States

Legacy-Xspire market and distribute niche branded and generic prescription products to physicians, pharmacies, wholesale distributors, and specialty pharmaceutical distributors across the United States. Legacy-Xspire’s product portfolio consists primarily of therapies for pain management and steroid-responsive disease states. Legacy-Xspire is based in Ridgeland, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 MPF Products

Gray Court, South Carolina, United States

MPF Products is a manufacturing company that produces connectors, feedthroughs, and viewports using ceramic-to-metal seal technology for a variety of Ultra High Vacuum applications, including semiconductor equipment, vacuum coating, quantum technology and aerospace manufacturing. MPF Products was founded in 1994 and is based in Gray Court, South Carolina.

Buy -
DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 10 of 19
Sector: Marketing M&A 1 of 2
Type: Growth Capital M&A Deals 5 of 10
State: North Carolina M&A 1 of 2
Country: United States M&A 10 of 19
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 OnBoard Security

Wilmington, Massachusetts, United States

OnBoard Security, Inc. was created to help automotive and IoT organizations stay ahead of the curve through superior cybersecurity software and services. For nearly 20 years, the world-renowned experts at OnBoard Security have been pioneering technologies that protect the Internet of Things, now and for the future. The company addresses three significant challenges: ensuring the security and privacy of connected vehicles, accelerating the implementation of trusted computing, and helping avoid the existential threat from quantum computers to the integrity of the internet.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Radian Generation

Charlotte, North Carolina, United States

Radian Generation is a global asset management firm serving the renewable power industry providing both software and tech-enabled services to some of the world’s largest investors in commercial and utility-scale solar and wind infrastructure. The Radian team is a group of top industry experts, armed with their proprietary LENS technology platform, who deliver measurable results through the automation of proven best practices of solar and wind asset management. Radian Generation was founded in 2013 and is based in Charlotte, North Carolina.

Buy -