Investment Summary

Silversmith Capital Partners and Revelstoke Capital Partners Invest In MediQuant

On October 1, 2018, growth capital firm Silversmith Capital Partners and private equity firm Revelstoke Capital Partners invested in software company MediQuant

Investment Highlights
  • This is Silversmith Capital Partners’ 6th and Revelstoke Capital Partners’ 2nd transaction in the Software sector.
  • This is Silversmith Capital Partners’ 16th and Revelstoke Capital Partners’ 12th transaction in the United States.
  • This is Silversmith Capital Partners’ 2nd and Revelstoke Capital Partners’ 2nd transaction in Ohio.

Investment Summary

Date 2018-10-01
Target MediQuant
Sector Software
Investor(s) Silversmith Capital Partners
Revelstoke Capital Partners
Deal Type Growth Capital
Advisor(s) Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

MediQuant

Brecksville, Ohio, United States
MediQuant is a provider of archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk, is a solution that assists hospitals in retiring legacy clinical and administrative software platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant was established in 1999 and is based in Brecksville, Ohio.

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Investor(S) 2

Investor
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 17 of 38
Sector (Software) 6 of 15
Type (Growth Capital) 9 of 23
State (Ohio) 2 of 3
Country (United States) 16 of 33
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Validity

Boston, Massachusetts, United States

Validity is a provider of data integrity and compliance offerings that thousands of organizations worldwide rely on to trust their data. With highly-valued products including demandTools, dupeBlocker, and peopleImport, Validity is empowering organizations worldwide to make better decisions that drive more leads, close more deals, and confidently plan for continued growth. Validity was founded in 2018 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Impel

Syracuse, New York, United States

Impel offers automotive dealers, OEMs, and online marketplaces the industry’s most advanced platform for digital automotive merchandising. SpinCar’s 360° WalkAround® technology builds trust between buyers and sellers by bringing the physical showroom experience to car shoppers wherever and whenever they want. Impel’s proprietary shopper behavioral data and VINtelligent Retargeting® solution enable dealers to deliver hyperpersonalized interactions across the entire car shopping journey. Impel was founded in 2011 and is based in Syracuse, New York.

Buy -
Investor
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 12 of 21
Sector (Software) 2 of 2
Type (Growth Capital) 4 of 8
State (Ohio) 2 of 2
Country (United States) 12 of 21
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Datalink Software

Tampa, Florida, United States

Datalink Software is a provider of integrated population health management applications that help healthcare payors and providers improve quality, practice management, and care coordination in value-based care settings. DataLink’s complete population health management platform is built around being a “one stop shop” that breaks through the communication barriers present at all levels of the healthcare industry, delivering total clinical control and insight to payors, managed service organizations, and medical practices while adding efficiency and improving patient outcomes. Datalink Software was founded in 2002 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 US Renal Care

Plano, Texas, United States

US Renal Care is a provider of outpatient treatment centers for persons suffering from chronic and acute renal disease. The company serves more than 25,000 patients in 335 dialysis facilities in 32 states and the Territory of Guam. US Renal Care was founded in 2000 and is based in Plano, Texas.

Buy -