Investment Summary

Fulcrum Equity Partners and Advantage Capital Partners Invest In Advantum Health

On June 29, 2016, private equity firm Fulcrum Equity Partners and growth capital firm Advantage Capital Partners invested in information technology company Advantum Health

Investment Highlights
  • This is Fulcrum Equity Partners’ 3rd and Advantage Capital Partners’ 18th transaction in the Information Technology sector.
  • This is Fulcrum Equity Partners’ 19th and Advantage Capital Partners’ 191st transaction in the United States.
  • This is Fulcrum Equity Partners’ 1st and Advantage Capital Partners’ 4th transaction in Kentucky.

Investment Summary
Date 2016-06-29
Target Advantum Health
Sector Information Technology
Investor(s) Fulcrum Equity Partners
Advantage Capital Partners
Deal Type Growth Capital

Target

Advantum Health

Louisville, Kentucky, United States
Advantum Health is a provider of comprehensive revenue cycle solutions including billing, credentialing, prior-authorization, consulting services, and intuitive analytic dashboards. Advantum Health was founded in 1996 and is based in Louisville, Kentucky.

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Investor(S) 2

Investor

Fulcrum Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fulcrum Equity Partners is an investment firm focused on smaller growth companies in the Southeast US. Fulcrum looks to invest $5 to $35 million in businesses generating $3 to $50 million in annual sales. Funds are used to support growth initiatives, acquisitions, divestures, shareholder liquidity, management buyouts and recapitalizations. Sectors of interest include healthcare, IT, business services, and technology-enabled services. Fulcrum Equity Partners is based in Atlanta, Georgia.

DEAL STATS #
Overall 19 of 38
Sector (Information Technology) 3 of 7
Type (Growth Capital) 7 of 14
State (Kentucky) 1 of 1
Country (United States) 19 of 38
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-21 QASymphony

Atlanta, Georgia, United States

QASymphony is an agile software company that provides enterprise test case management and exploratory testing solutions for development and QA teams. QASymphony's qTest Platform helps companies create better software by improving speed, efficiency, collaboration and analysis during the testing process. The company has over 400 customers across 20 countries including Salesforce, Barclays, Adobe, Samsung, Verizon and Office Depot. QASymphony was founded in 2011 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 CarePlus Management

Watkinsville, Georgia, United States

CarePlus Management has three primary businesses RADAR Healthcare Providers ("RADAR") which provides staffing and locum tenens services focused on anesthesia providers, Anesthesia services division, similar to CRH's clinical anesthesia services and Premier Choice Billing ("Premier Choice") which provides billing, revenue cycle management (RCM) and collection services for healthcare entities. CarePlus Management was founded in 2010 and is based in Watkinsville, Georgia.

Buy -
Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 192 of 272
Sector (Information Technology) 18 of 22
Type (Growth Capital) 42 of 78
State (Kentucky) 4 of 9
Country (United States) 191 of 270
Year (2016) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Pacific Ag

Hermiston, Oregon, United States

Pacific Ag harvests and markets crop residues for hundreds of U.S. growers. The crop residues are then sold to customers throughout the world. Pacific Ag has become the service provider of agriculture biomass supply chain solutions, delivering hundreds of thousands of tons of product volume to end markets in the U.S. and around the world. Pacific AG was founded in 1998 and is based in Hermiston, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 KFI Studios

Louisville, Kentucky, United States

KFI Studios is a manufacturer and distributor of moderately priced seating and table products for national educational, hospitality, commercial, and government end markets. KFI Studios was founded in 1978 and is based in Louisville, Kentucky.

Buy -
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