Investment Summary

Spire Capital Partners Invests In Dynamic Quest

On June 18, 2018, private equity firm Spire Capital Partners invested in information technology company Dynamic Quest

Investment Highlights
  • This is Spire Capital Partners’ 5th transaction in the Information Technology sector.
  • This is Spire Capital Partners’ 29th transaction in the United States.
  • This is Spire Capital Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2018-06-18
Target Dynamic Quest
Sector Information Technology
Investor(s) Spire Capital Partners
Deal Type Growth Capital
Advisor(s) IT ExchangeNet (ITX) (Financial)
Bell, Davis & Pitt (Legal)

Target

Dynamic Quest

Greensboro, North Carolina, United States
Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. The Company's services include hosted cloud services, disaster recovery, managed IT, service plans, software maintenance, application support, virtual CIO and security services. Dynamic Quest was established in 2000 and is based in Greensboro, North Carolina.

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Investor(S) 1

Investor

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 30 of 37
Sector (Information Technology) 5 of 7
Type (Growth Capital) 4 of 11
State (North Carolina) 2 of 2
Country (United States) 29 of 36
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Performance Assessment Network

Carmel, Indiana, United States

Performance Assessment Network, Inc. is a provider of online talent assessments and testing technology solutions that aid both corporate and government organizations in hiring and growing top talent.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 Veraction

Memphis, Tennessee, United States

Veraction LLC is a provider of software enabled transportation spend management (“TSM”) solutions to large, established globally-based enterprises. Veraction’s solutions help clients to optimize transportation spend, which improves supply chain visibility, allows for better collaboration with trading partners and identifies business efficiencies and significant cost savings.

Sell -
Mergr

Product

Company

Legal