Investment Summary

Parthenon Capital Invests In Cherry Bekaert

On June 30, 2022, private equity firm Parthenon Capital invested in business services company Cherry Bekaert

Investment Highlights
  • This is Parthenon Capital’s 14th transaction in the Business Services sector.
  • This is Parthenon Capital’s 60th transaction in the United States.
  • This is Parthenon Capital’s 1st transaction in Virginia.

Investment Summary
Date 2022-06-30
Target Cherry Bekaert
Sector Business Services
Investor(s) Parthenon Capital
Deal Type Growth Capital
Advisor(s) Guggenheim Securities (Financial)
Hunton Andrews Kurth (Legal)

Target

Cherry Bekaert

Richmond, Virginia, United States
Cherry Bekaert is a provider of auditing and accounting services. Cherry Bekaert was founded in 1947 and is based in Richmond, Virginia.

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Investor(S) 1

Investor

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 60 of 61
Sector (Business Services) 14 of 14
Type (Growth Capital) 17 of 17
State (Virginia) 1 of 2
Country (United States) 60 of 60
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Choreo

Indianapolis, Indiana, United States

Choreo is a change management consulting firm that transforms workplaces into spaces that foster increased productivity, cost containment and improved effectiveness. Choreo was founded in 2008 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 Titan Wealth

London, Virginia, United Kingdom

Titan Wealth is a comprehensive Wealth Planning Firm. Titan provides clients with both personal and professional service. Titan offers Investment Advisory Service, Retirement Planning, Estate Planning, Education Planning, Tax Planning, and Insurance Planning utilizing specialized investment products and strategies. Titan Wealth is based in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal