Investment Summary

Founders Equity and Quilvest Capital Partners Invest In Pay-O-Matic

On January 16, 2008, private equity firms Founders Equity and Quilvest Capital Partners invested in financial services company Pay-O-Matic

Investment Highlights
  • This is Founders Equity’s 1st and Quilvest Capital Partners’ 3rd transaction in the Financial Services sector.
  • This is Founders Equity’s 10th and Quilvest Capital Partners’ 19th transaction in the United States.
  • This is Founders Equity’s 3rd and Quilvest Capital Partners’ 4th transaction in New York.

Investment Summary

Date 2008-01-16
Target Pay-O-Matic
Sector Financial Services
Investor(s) Founders Equity
Quilvest Capital Partners
Deal Type Stake Purchase

Target

Pay-O-Matic

Syosset, New York, United States
Pay-O-Maticis a check cashing and related financial services company that provides check changing services, prepaid administrations, an offer of cash orders, shopper charge installments and travel toll cards. Pay-O-Matic was founded in 1950 and is based in Syosset, New York.

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Investor(S) 2

Investor

Founders Equity

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Founders Equity is a private equity firm that looks to lead lower middle-market company investments. Founders looks to invest up to $10 million of equity in companies with revenues between $20 and $150 million and cash-flow between $2 and $15 million. Sectors of interest include business and marketing services, outsourcing and logistics, healthcare services, environmental services, security systems, oilfield services, consumer products and services, food/food Services, franchising, and niche manufacturing. Prospective transactions are generally located East of the Rocky Mountains and include management buyouts, recapitalizations, turnarounds, growth financings, take privates, and corporate divestitures. Founders Equity was formed in 1969 and is based in New York City.


DEAL STATS #
Overall 10 of 12
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: New York M&A 3 of 5
Country: United States M&A 10 of 12
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-20 AdvantEdge Healthcare Solutions

Warren, New Jersey, United States

AdvantEdge Healthcare Solutions is a business process outsourcer (“BPO”) and application service provider (“ASP”) that offers medical claims transaction processing through its proprietary, scalable web-based practice management system to physicians and third-party billing companies. AdvantEdge Healthcare Solutions was founded in 1999 and is based in Warren, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 In The Swim

West Chicago, Illinois, United States

In The Swim is a multi-channel direct marketer of swimming pool supplies and equipment to the residential and commercial swimming pool markets in the United States. Products include chemicals, covers and liners, equipment, parts, and accessories, which are sold through a catalog, internet, telesales, retail, and wholesale channels. In The Swim was founded in 1982 and is based in West Chicago, Illinois.

Sell -
Investor

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 53 of 105
Sector: Financial Services M&A 3 of 5
Type: Stake Purchase M&A Deals 16 of 25
State: New York M&A 4 of 6
Country: United States M&A 19 of 44
Year: 2008 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 5asec

Geneva, Switzerland

5asec is a provider of dry-cleaning and textile maintenance services with over 1,730-stores in 31 countries. 5asec was formed in 1968 and is based in Geneva, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-18 PFG

Richmond, Virginia, United States

PFG is a distributor of food products and snacks. PFG delivers food and food-related products to more than 130,000 independent and national chain restaurants, quick-service eateries, pizzerias, theaters, schools, hotels, healthcare facilities and other institutions across the United States. PFG was founded in 1885 and is based in Richmond, Virginia.

Buy $1.4B