Investment Summary

Pamlico Capital Invests In SpendHQ

On July 12, 2022, private equity firm Pamlico Capital invested in software company SpendHQ

Investment Highlights
  • This is Pamlico Capital’s 12th transaction in the Software sector.
  • This is Pamlico Capital’s 75th transaction in the United States.
  • This is Pamlico Capital’s 6th transaction in Georgia.

Investment Summary
Date 2022-07-12
Target SpendHQ
Sector Software
Investor(s) Pamlico Capital
Deal Type Growth Capital

Target

SpendHQ

Atlanta, Georgia, United States
SpendHQ provides procurement operations software platform. The company’s product suite includes spend analytics software and procurement performance management software. SpendHQ was founded in 2013 and is based in Atlanta, Georgia.

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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 80 of 84
Sector (Software) 12 of 14
Type (Growth Capital) 26 of 29
State (Georgia) 6 of 6
Country (United States) 75 of 79
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Veterinary Practice Partners

King of Prussia, Pennsylvania, United States

Veterinary Practice Partners is a veterinary practice management group that enables veterinarians to focus on providing high-quality care to patients and foster a strong culture at their individual hospital, while VPP provides operational support across learning and development, HR and recruiting, marketing, technology, and finance. VPP partners with veterinarians across more than 85 practices in over 20 states, caring for over 200,000 patients. Veterinary Practice Partners was established in 2011 and is based in King of Prussia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Cartegraph

Dubuque, Iowa, United States

Cartegraph is a provider of SaaS-based asset management solutions to local governments. The company devotes itself to cities, counties, and government agencies seeking to be more effective, efficient, and productive in their daily operations. It builds software that empowers users to capture infrastructure asset data, analyze it, and use it to prepare for the future. Cartegraph was established in 1994 and is based in Dubuque, Iowa.

Sell -
Mergr

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