Investment Summary |
|
|---|---|
| Date | 2025-08-04 |
| Target | Elevate Patient Financial Solutions |
| Sector | Information Technology |
| Investor(s) |
Audax Private Equity
Parthenon Capital |
| Sellers(s) |
Frazier Healthcare Partners
The Edgewater Funds |
| Deal Type | Secondary Buyout |
| Advisor(s) | Baird (Financial) Goodwin Procter (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 170 of 170 |
| Sector: Information Technology M&A | 11 of 11 |
| Type: Secondary Buyout M&A Deals | 73 of 73 |
| State: Texas M&A | 18 of 18 |
| Country: United States M&A | 161 of 161 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-08 |
AIA Contract Documents
Washington, District of Columbia, United States AIA Contract Documents is a provider of customizable legal contracts. AIA Contract Documents has been the gold standard of legal documents and a thought leader within the construction industry for over 130 years. AIA Contract Documents was founded in 1888 and is based in Washington, District of Columbia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-13 |
Neumo
Austin, Texas, United States Neumo is a provider of transaction and compliance software for state and local governments, streamlining property, licensing, and tax interactions with businesses and citizens. Neumo is based in Austin, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 63 |
| Sector: Information Technology M&A | 9 of 9 |
| Type: Secondary Buyout M&A Deals | 8 of 8 |
| State: Texas M&A | 6 of 7 |
| Country: United States M&A | 61 of 62 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-31 |
BlueSnap
Waltham, Massachusetts, United States BlueSnap offers SaaS-based global payments, eCommerce, and marketing solutions that enable digital goods and content sellers to market and sell products online to buyers. BlueSnap was founded in 2001 and is based in Waltham, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-04 |
Embark
Dallas, Texas, United States Embark is a business consulting firm dedicated to transforming complex problems into clear solutions. Embark is based in Dallas, Texas. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 3.4B USD |
| Size | Large |
| Type | Sector Focused |
Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 29 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 12 of 12 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 29 of 29 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-15 |
DirectMed Imaging
Poway, California, United States DirectMed Imaging is a provider of medical imaging aftermarket parts, systems, and field service solutions. DirectMed Imaging was founded in 2011 and is based in Poway, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 2.8B USD |
| Size | Large |
| Type | Sector Agnostic |
The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 43 |
| Sector: Information Technology M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 17 of 17 |
| State: Texas M&A | 5 of 5 |
| Country: United States M&A | 42 of 42 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-21 |
Deflecto
Indianapolis, Indiana, United States Deflecto is a diversified, global manufacturer and distributor of extruded and molded plastic products for consumer and professional applications. Deflecto is based in Indianapolis, Indiana. |
Sell | $104M |
