M&A Deal Summary

Pamlico Capital and Morgan Stanley Capital Partners Acquire World 50

On December 14, 2015, private equity firms Pamlico Capital and Morgan Stanley Capital Partners acquired business services company World 50 from Chicago Growth Partners

Acquisition Highlights
  • This is Pamlico Capital’s 3rd and Morgan Stanley Capital Partners’ 1st transaction in the Business Services sector.
  • This is Pamlico Capital’s 50th and Morgan Stanley Capital Partners’ 16th transaction in the United States.
  • This is Pamlico Capital’s 4th and Morgan Stanley Capital Partners’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2015-12-14
Target World 50
Sector Business Services
Buyer(s) Pamlico Capital
Morgan Stanley Capital Partners
Sellers(s) Chicago Growth Partners
Deal Type Recapitalization

Target

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.

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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 52 of 84
Sector (Business Services) 3 of 5
Type (Recapitalization) 6 of 10
State (Georgia) 4 of 6
Country (United States) 50 of 79
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 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.

Buy -
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 19 of 50
Sector (Business Services) 1 of 6
Type (Recapitalization) 1 of 4
State (Georgia) 2 of 2
Country (United States) 16 of 47
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 CoAdvantage

Tampa, Florida, United States

CoAdvantage engages in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. CoAdvantage specializes in and excels at handling human resources. CoAdvantage are HR experts who work as your outsourcing partner to administer payroll, benefits, workers’ compensation, and core HR functions. CoAdvantage was founded in 1997 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 Thrive Pet Healthcare

Austin, Texas, United States

Thrive Pet Healthcare is a veterinary service network that uniquely delivers a continuum of care to pet families and services to veterinary hospitals. With an industry-first membership program and over 400 acute, primary, and specialty hospitals, Thrive Pet Healthcare offers personalized, accessible care through every stage of a pet's life and health. Thrive Pet Healthcare was founded in 2003 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Chicago Growth Partners

Chicago, Illinois, United States

Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


DEAL STATS #
Overall 25 of 34
Sector (Business Services) 2 of 2
Type (Recapitalization) 1 of 2
State (Georgia) 1 of 2
Country (United States) 23 of 31
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 SESI

Yardley, Pennsylvania, United States

SESI is a provider of non-public, for-profit educational services for children with learning and behavioral difficulties in the K-12 market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Anajet

Costa Mesa, California, United States

Anajet LLC is a designer, innovator and manufacturer of proprietary direct-to-garment digital inkjet printer systems and consumable ink cartridges for the commercial apparel decoration and promotional product industries.

Sell -