Investment Summary

Noro-Moseley Partners, Primus Capital and Bon Secours Mercy Health Invest In Trilliant Health

On August 7, 2018, growth capital firm Noro-Moseley Partners, private equity firm Primus Capital and Bon Secours Mercy Health invested in information technology company Trilliant Health

Investment Highlights
  • This is Noro-Moseley Partners’ 4th, Primus Capital’s 6th and Bon Secours Mercy Health’s 1st transaction in the Information Technology sector.
  • This is Noro-Moseley Partners’ 7th, Primus Capital’s 44th and Bon Secours Mercy Health’s 1st transaction in the United States.
  • This is Noro-Moseley Partners’ 2nd, Primus Capital’s 6th and Bon Secours Mercy Health’s 1st transaction in Tennessee.

Investment Summary

Date 2018-08-07
Target Trilliant Health
Sector Information Technology
Investor(s) Noro-Moseley Partners
Primus Capital
Bon Secours Mercy Health
Deal Type Venture

Target

Trilliant Health

Brentwood, Tennessee, United States
Trilliant Health is an operator of an analytics company that empowers healthcare providers to create and execute data-driven strategies to maximize revenue and market share growth. Trilliant Health was founded in 2017 and is based in Brentwood, Tennessee.

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Investor(S) 3

DESCRIPTION

Noro-Moseley Partners is a private investment group focused on growth stage investments in healthcare services and healthcare IT companies. The Firm typically invests in the first institutional round, in emerging IT and healthcare innovation hubs across the US. Noro-Moselely seeks companies with strong management, meaningful customer validation, and capital efficient business models with large addressable markets. Noro-Moseley Partners was established in 1983 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 4 of 4
Type (Venture) 5 of 7
State (Tennessee) 2 of 2
Country (United States) 7 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 MacStadium

Atlanta, Georgia, United States

MacStadium is a provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium was founded in 2012 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Trendkite

Austin, Texas, United States

Trendkite, Inc. is a public relations analytics company for agencies and corporate brands. By harnessing artificial intelligence and big data analytics to optimize the impact public relations has on a brand's reputation, website traffic, and business goals. Trendkite, Inc. was founded in 2012 and is based in Austin, Texas.

Sell $225M
Investor

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 45 of 60
Sector (Information Technology) 6 of 9
Type (Venture) 3 of 3
State (Tennessee) 6 of 7
Country (United States) 44 of 59
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Hyperwallet Systems

San Francisco, California, United States

Hyperwallet Systems, Inc. is a provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. Hyperwallet Systems is based in San Francisco, California.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 ClearCompany

Boston, Massachusetts, United States

ClearCompany is a talent management software solution that helps companies identify, hire and engage more A Players. ClearCompany’s software enables thousands of clients to consistently improve their talent lifecycle by implementing and automating a best-practices approach to total talent management. ClearCompany was founded in 2004 and is based in Boston, Massachusetts.

Buy -
Investor

Bon Secours Mercy Health

Marriottsville, Maryland, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Bon Secours Mercy Health provides care for patients more than 11 million times annually through its network of more than 1,200 care sites, which includes 50 hospitals, as well as home health agencies, hospice, skilled nursing, and assisted living facilities. Bon Secours Mercy Health is based in Marriottsville, Maryland.


DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Venture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-11 Nordic Consulting

Madison, Wisconsin, United States

Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin.

Buy -