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  6. Parthenon Capital Acquires Nuvem

M&A Deal Summary

Parthenon Capital Acquires Nuvem

On July 22, 2020, private equity firm Parthenon Capital acquired information technology company Nuvem

Acquisition Highlights
  • This is Parthenon Capital’s 7th transaction in the Information Technology sector.
  • This is Parthenon Capital’s 56th transaction in the United States.
  • This is Parthenon Capital’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2020-07-22
Target Nuvem
Sector Information Technology
Buyer(s) Parthenon Capital
Deal Type Recapitalization

Target

Nuvem

Mount Laurel, New Jersey, United States
Nuvem is a provider of pharmacy claims administration and related technology-enabled solutions for healthcare provider organizations nationwide. Nuvem’s flagship product, 340BasicsTM, is a pharmacy claims administration platform that enables qualified healthcare providers to purchase drugs under the Federal 340B Drug Discount Program. Nuvem was founded in 2014 and is based in Mount Laurel, New Jersey.

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Buyer(S) 1

Buyer

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 56 of 63
Sector: Information Technology M&A 7 of 9
Type: Recapitalization M&A Deals 11 of 12
State: New Jersey M&A 2 of 2
Country: United States M&A 56 of 62
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Seaside National Bank & Trust

Orlando, Florida, United States

Seaside National Bank & Trust is a chartered commercial bank offering clients a complete array of wealth management, commercial and private banking financial solutions. Seaside was formed in 2006 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Allworth Financial

Sacramento, California, United States

Allworth Financial is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. The company delivers long- and short-term investment planning solutions and advice to help clients achieve goals and plan strategically for retirement. Allworth Financial was formed in 1993 and is based in Sacramento, California.

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Mergr

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