Investment Summary

Pamlico Capital Invests In Millennia

On March 17, 2021, private equity firm Pamlico Capital invested in information technology company Millennia

Investment Highlights
  • This is Pamlico Capital’s 8th transaction in the Information Technology sector.
  • This is Pamlico Capital’s 71st transaction in the United States.
  • This is Pamlico Capital’s 7th transaction in North Carolina.

Investment Summary
Date 2021-03-17
Target Millennia
Sector Information Technology
Investor(s) Pamlico Capital
Deal Type Growth Capital
Advisor(s) Baird (Financial)
Hughes Arrell (Legal)

Target

Millennia

Cary, North Carolina, United States
Millennia provides technology-driven patient pay solutions. Millennia’s mission is to simplify and streamline the patient financial experience by communicating with patients early, informatively, and often through their proven patient engagement platform and a team of highly-trained support specialists. Millennia is based in Cary, North Carolina.

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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 74 of 84
Sector (Information Technology) 8 of 10
Type (Growth Capital) 22 of 29
State (North Carolina) 7 of 7
Country (United States) 71 of 79
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Protera

Westchester, Illinois, United States

Protera is a provider of public cloud-centric application management and migration services for SAP software, as well as other enterprise IT outsourcing services. Protera was founded in 1998 and is based in Westchester, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Canadian Orthodontic Partners

Etobicoke, Ontario, Canada

Canadian Orthodontic Partners is the largest specialty dental services organization providing management services to orthodontic practices throughout Canada, supporting locations in five provinces, from coast to coast. The Company’s partner practices provide excellent clinical care and an elevated patient experience. Canadian Orthodontic Partners is based in Etobicoke, Ontario.

Buy -
Mergr

Product

Company

Legal