Investment Summary

GTCR and Cobalt Ventures Invest In Cedar Gate

On August 14, 2014, private equity firms GTCR and Cobalt Ventures invested in information services company Cedar Gate

Investment Highlights
  • This is GTCR’s 3rd and Cobalt Ventures’ 1st transaction in the Information Services sector.
  • This is GTCR’s 82nd and Cobalt Ventures’ 1st transaction in the United States.
  • This is GTCR’s 2nd and Cobalt Ventures’ 1st transaction in Connecticut.

Investment Summary

Date 2014-08-14
Target Cedar Gate
Sector Information Services
Investor(s) GTCR
Cobalt Ventures
Deal Type Growth Capital

Target

Cedar Gate

Greenwich, Connecticut, United States
Cedar Gate is a care performance management company that provides high-performance analytic, technological, administrative, and advisory services to providers, payers, and self-insured employers to exceed performance thresholds of value-based care contracts, networks, and programs. Cedar Gate was founded in 2014 and is based in Greenwich, Connecticut.

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Investor(S) 2

Investor

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 86 of 142
Sector (Information Services) 3 of 3
Type (Growth Capital) 5 of 10
State (Connecticut) 2 of 3
Country (United States) 82 of 137
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 XIFIN

San Diego, California, United States

XIFIN is a provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes. XIFIN is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Sell -
DESCRIPTION

Cobalt Ventures is the private equity investment arm of Blue Cross and Blue Shield of Kansas City. The Firm looks to invest $10 to $75 million (majority or minority positions) to support scalable, high-growth healthcare companies that are seeking to increase the overall quality of healthcare services, improve outcomes and lower costs for customers and members. Specific areas of interest include home healthcare/hospice, outpatient services, telehealth, pharmaceutical distribution, and tech-enabled healthcare services. Cobalt Ventures is based in Kansas City, Missouri.


DEAL STATS #
Overall 1 of 8
Sector (Information Services) 1 of 1
Type (Growth Capital) 1 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 8
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 MEDVAL

Columbia, Maryland, United States

MEDVAL LLC delivers fully-integrated Medicare Secondary Payer (MSP) solutions. From Medicare Set-Aside (MSA) evaluations to structured settlements to the administration of MSA funds, MEDVAL serves attorneys, carriers, and TPAs seeking a better MSP compliance process for personal injury and workers’ compensation claims. MEDVAL was formed in 2003 and is based in Columbia, Maryland.

Buy -