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Investment Summary

Pamlico Capital Invests In Fastpath

On September 10, 2020, private equity firm Pamlico Capital invested in software company Fastpath

Investment Highlights
  • This is Pamlico Capital’s 10th transaction in the Software sector.
  • This is Pamlico Capital’s 69th transaction in the United States.
  • This is Pamlico Capital’s 3rd transaction in Iowa.
Investment Fate
  • Fastpath was sold to a strategic buyer in 2024.

Investment Summary
Date 2020-09-10
Target Fastpath
Sector Software
Investor(s) Pamlico Capital
Deal Type Growth Capital
Advisor(s) Dickinson, Mackaman, Tyler & Hagen (Legal)

Target

Fastpath

Des Moines, Iowa, United States
Fastpath is a provider of security access, monitoring, and compliance platform. Fastpath’s core product offering, Assure, is a SaaS software suite of tools that can integrate with multiple ERP systems, enabling corporate finance and risk managers to automatically monitor IT systems for security and compliance events. Fastpath was founded in 2004 and is based in Des Moines, Iowa.

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Investor(S) 1

Investor

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 71 of 87
Sector: Software M&A 10 of 14
Type: Growth Capital M&A Deals 19 of 31
State: Iowa M&A 3 of 3
Country: United States M&A 69 of 82
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 10th Magnitude

Chicago, Illinois, United States

10th Magnitude, Inc. is a cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The company combines elements from multiple deep cloud competencies, as well as the most efficient and innovative technology tools and platforms to help clients become more agile, more customer-focused, and more operationally efficient. 10th Magnitude was established in 2010 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 ISAAC

Saint-Bruno-de-Montarville, Quebec, Canada

ISAAC provides a fleet management technology platform for heavy duty trucking. ISAAC’s solution integrates with a truck’s existing systems to provide routing and cargo detail as well as driver coaching, which increases fuel efficiency, reduces workloads for drivers, and improves driver safety. ISAAC was founded in 1999 and is based in Saint-Bruno-de-Montarville, Quebec.

Buy -
Mergr

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