Investment Summary

Parthenon Capital Invests In Mid Atlantic Capital Group

On March 14, 2018, private equity firm Parthenon Capital invested in financial services company Mid Atlantic Capital Group

Investment Highlights
  • This is Parthenon Capital’s 11th transaction in the Financial Services sector.
  • This is Parthenon Capital’s 50th transaction in the United States.
  • This is Parthenon Capital’s 2nd transaction in Pennsylvania.

Investment Summary
Date 2018-03-14
Target Mid Atlantic Capital Group
Sector Financial Services
Investor(s) Parthenon Capital
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)
K&L Gates (Legal)

Target

Mid Atlantic Capital Group

Pittsburgh, Pennsylvania, United States
Mid Atlantic Capital Group is a financial services organization that provides a wide array of brokerage, advisory, trust, and custody services to a diverse national client base of financial advisors and institutions, asset managers, and benefits administrators through its various subsidiary companies. Mid Atlantic Capital Group was founded in 1983 and is based in Pittsburgh, Pennsylvania.

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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 50 of 61
Sector (Financial Services) 11 of 12
Type (Growth Capital) 14 of 17
State (Pennsylvania) 2 of 3
Country (United States) 50 of 60
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 RedCard

St. Louis, Missouri, United States

RedCard is a provider of claims communications, payments and enrollment technology and solutions to healthcare payors, providers and members. RedCard was founded in 2006 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 Trinity

Waltham, Massachusetts, United States

Trinity is a trusted life sciences strategy consulting firm that takes a personalized approach to work with pharmaceutical, biotech, medical device, and diagnostic clients worldwide to create evidence-based solutions that drive business strategy and impact bottom lines. Trinity was founded in 1996 and is based in Waltham, Massachusetts.

Buy -
Mergr

Product

Company

Legal