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Investment Summary

Primus Capital Invests In Prendio

On October 18, 2023, private equity firm Primus Capital invested in internet software and services company Prendio

Investment Highlights
  • This is Primus Capital’s 7th transaction in the Internet Software and Services sector.
  • This is Primus Capital’s 59th transaction in the United States.
  • This is Primus Capital’s 4th transaction in Massachusetts.

Investment Summary
Date 2023-10-18
Target Prendio
Sector Internet Software and Services
Investor(s) Primus Capital
Deal Type Growth Capital
Advisor(s) Aeris Partners (Financial)
Latham & Watkins (Legal)

Target

Prendio

Woburn, Massachusetts, United States
Prendio is a provider of cloud-based (Software-as-a-Service) eProcurement software and supplier marketplace solutions for life sciences. Prendio was founded in 2015 and is based in Woburn, Massachusetts.

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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 60 of 60
Sector: Internet Software and Services M&A 7 of 7
Type: Growth Capital M&A Deals 28 of 28
State: Massachusetts M&A 4 of 4
Country: United States M&A 59 of 59
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-18 BioProcure

Woburn, Massachusetts, United States

BioProcure provides integrated procure-to-pay solutions to help streamline procurement processes, enhance supplier collaboration, and deliver financial innovation and efficiency for high-growth life science companies of all stages. BioProcure was founded in 2007 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 fusionZONE

Lakeland, California, United States

fusionZONE provides digital marketing technologies for automotive dealers and OEMs. fusionZONE’s responsive and mobile-optimized platform, its emphasis on site speed and its innovative lead-generation and lead-management tools such as FastRing and FastPrice have led to dramatic growth over the past several years. fusionZONE was founded in 2009 and is based in Lakeland, Florida.

Sell -
Mergr

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Company

Legal