M&A Deal Summary

Pamlico Capital and ParkerGale Capital Acquire Profisee

On September 2, 2021, private equity firms Pamlico Capital and ParkerGale Capital acquired software company Profisee from ParkerGale Capital

Acquisition Highlights
  • This is Pamlico Capital’s 11th and ParkerGale Capital’s 8th transaction in the Software sector.
  • This is Pamlico Capital’s 73rd and ParkerGale Capital’s 10th transaction in the United States.
  • This is Pamlico Capital’s 5th and ParkerGale Capital’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2021-09-02
Target Profisee
Sector Software
Buyer(s) Pamlico Capital
ParkerGale Capital
Sellers(s) ParkerGale Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)
Kirkland & Ellis (Legal)

Target

Profisee

Alpharetta, Georgia, United States
Profisee is a provider of next generation master data management software solutions. Profisee’s Platform, and its Profisee Advantagetm Go-To-Market model, deliver enterprise MDM solutions for any size organization, helping them tackle the challenge of maintaining high data quality and trusted analytics. Profisee helps customers leverage a variety of data sets, from customer and product data domains to financial, equipment, and employee data sources. Profisee was founded in 2007 and is based in Alpharetta, Georgia.

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Buyer(S) 2

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 78 of 84
Sector (Software) 11 of 14
Type (Secondary Buyout) 16 of 17
State (Georgia) 5 of 6
Country (United States) 73 of 79
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 VRI

Franklin, Ohio, United States

VRI is a provider of telehealth monitoring, monitored medication dispensing and adherence solutions, and medical alert systems, serving over 100,000 actively monitored clients across the country. VRI was founded in 1989 and is based in Franklin, Ohio.

Sell $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 PrizeLogic

Southfield, Michigan, United States

PrizeLogic is a provider of digital promotions for leading consumer brands and retailers. PrizeLogic’s proprietary software platform provides scalable, complex, and real-time promotional programs across all digital channels. PrizeLogic was founded in 2008 and is based in Southfield, Michigan.

Sell -
Buyer

ParkerGale Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 11
Sector (Software) 8 of 8
Type (Secondary Buyout) 1 of 1
State (Georgia) 2 of 2
Country (United States) 10 of 10
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Contelligent

Chicago, Illinois, United States

Contelligent is a provider of waste compactor automated monitoring systems to commercial property owners, retailers, and government agencies, to lower their waste removal costs. Contelligent was founded in 1989 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 Ipro

Scottsdale, Arizona, United States

Ipro is a developer of an advanced eDiscovery software solutions. Ipro’s ADD Automated Digital Discovery workflow platform helps customers organize, review, process and produce litigation data of vast sizes and complexity more efficiently and cost-effectively than ever before. Ipro is based in Scottsdale, Arizona.

Sell -

Seller(S) 1

SELLER

ParkerGale Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

ParkerGale Capital is a private equity firm focused on small buyouts of technology companies. The Firm will consider opportunities throughout North America and seeks businesses with predictable, recurring business models and at least $2 million profits. ParkerGale has a preference for founder owned companies. ParkerGale Capital was formed in 2015 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 5
Sector (Software) 3 of 4
Type (Secondary Buyout) 2 of 2
State (Georgia) 1 of 1
Country (United States) 4 of 5
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Contelligent

Chicago, Illinois, United States

Contelligent is a provider of waste compactor automated monitoring systems to commercial property owners, retailers, and government agencies, to lower their waste removal costs. Contelligent was founded in 1989 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 Ipro

Scottsdale, Arizona, United States

Ipro is a developer of an advanced eDiscovery software solutions. Ipro’s ADD Automated Digital Discovery workflow platform helps customers organize, review, process and produce litigation data of vast sizes and complexity more efficiently and cost-effectively than ever before. Ipro is based in Scottsdale, Arizona.

Sell -
Mergr

Product

Company

Legal