Investment Summary

Primus Capital Invests In Ordergroove

On November 10, 2022, private equity firm Primus Capital invested in software company Ordergroove

Investment Highlights
  • This is Primus Capital’s 13th transaction in the Software sector.
  • This is Primus Capital’s 57th transaction in the United States.
  • This is Primus Capital’s 4th transaction in Florida.

Investment Summary
Date 2022-11-10
Target Ordergroove
Sector Software
Investor(s) Primus Capital
Deal Type Growth Capital

Target

Ordergroove

Miami, Florida, United States
Ordergroove provides subscription enablement software and analytics for brands and retailers. The Company’s solutions allow customers to create, launch, promote, and optimize the consumer subscriber experience. Ordergroove was founded in 2010 and is based in Miami, Florida.

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Investor(S) 1

Investor

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 58 of 60
Sector (Software) 13 of 13
Type (Growth Capital) 26 of 28
State (Florida) 4 of 4
Country (United States) 57 of 59
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Payspan

Jacksonville, Florida, United States

Payspan provides payment solutions for health plans and providers seeking to increase provider adoption of electronic payments, engage patient members, and accelerate quality care. Payspan was founded in 1984 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Netchex

Covington, Louisiana, United States

Netchex is a web-based human capital management platform offering single sign-on, integrated solutions for the complete employee lifecycle. Netchex’s software features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools to control labor costs and enhance the employee experience. Netchex was founded in 2003 and is based in Covington, Louisiana.

Sell -
Mergr

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Company

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