M&A Deal Summary

Pamlico Capital Acquires MetaMetrics

On January 4, 2016, private equity firm Pamlico Capital acquired information technology company MetaMetrics from Cambridge Information Group

Acquisition Highlights
  • This is Pamlico Capital’s 6th transaction in the Information Technology sector.
  • This is Pamlico Capital’s 51st transaction in the United States.
  • This is Pamlico Capital’s 4th transaction in North Carolina.
Investment Fate
  • MetaMetrics was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2016-01-04
Target MetaMetrics
Sector Information Technology
Buyer(s) Pamlico Capital
Sellers(s) Cambridge Information Group
Deal Type Recapitalization
Advisor(s) MHT Partners (Financial)
VLP Law Group (Legal)

Target

MetaMetrics

Durham, North Carolina, United States
MetaMetrics is an education technology organization that offers the only scientifically valid, universal scales for measuring reading and listening (Lexile) as well as math (Quantile). The Lexile and Quantile Frameworks measure student ability and the complexity of the content they encounter. Lexile and Quantile measures and related technologies link assessment to instruction and provide next steps for students of all ages and abilities. MetaMetrics was formed in 1984 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 53 of 87
Sector: Information Technology M&A 6 of 10
Type: Recapitalization M&A Deals 7 of 10
State: North Carolina M&A 4 of 7
Country: United States M&A 51 of 82
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 World 50

Atlanta, Georgia, United States

World 50 is an exclusive, invite-only peer-to-peer network and knowledge exchange platform serving senior executives at leading corporations. World 50 was founded in 2004 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 CLEARLINK Technologies

Salt Lake City, Utah, United States

CLEARLINK Technologies LLC is a supplier of customer acquisition marketing services to home services providers. CLEARLINK utilizes a diverse selection of local marketing and media buying expertise that spans online and offline sources, delivering a multi-channel marketing solution that reaches increasingly fragmented consumer audiences.

Sell -

Seller(S) 1

SELLER

Cambridge Information Group

Investor Investor Investor Investor Investor


Category Family Office
Founded 1971
PE ASSETS 1.5B USD
Size Small
Type Sector Focused
DESCRIPTION

Cambridge Information Group is a family owned global investment firm with a focus on companies in the information services, education and technology sectors. Cambridge Information Group pursues a variety of transaction types, including management buyouts, growth financings, and recapitalizations. Cambridge Information Group was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Information Technology M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Navtech

Waterloo, Ontario, Canada

Navtech, Inc. is a provider of flight operations products (including electronic flight bag solutions, aeronautical charts and flight-planning services) to 400 aircraft operators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 ProQuest

Ann Arbor, Michigan, United States

ProQuest is an information content and services company. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information. ProQuest was formed in 1938 and is based in Ann Arbor, Michigan.

Sell $5.3B