Investment Summary

Talisman Capital Partners and Patriot Capital Invest In Turning

On June 23, 2006, private equity firms Talisman Capital Partners and Patriot Capital invested in software company Turning

Investment Highlights
  • This is Talisman Capital Partners’ 1st and Patriot Capital’s 2nd transaction in the Software sector.
  • This is Talisman Capital Partners’ 3rd and Patriot Capital’s 10th transaction in the United States.
  • This is Talisman Capital Partners’ 1st and Patriot Capital’s 2nd transaction in Ohio.
Investment Fate
  • Turning was sold to a financial buyer in 2010.
  • Turning was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2006-06-23
Target Turning
Sector Software
Investor(s) Talisman Capital Partners
Patriot Capital
Deal Type Growth Capital

Target

Turning

Youngstown, Ohio, United States
Turning develops interactive response systems utilizing software and hardware tools available and transforms them into state of the art applications for audience response. Turning was founded in 2002 and is based in Youngstown, Ohio.

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Investor(S) 2

Investor

Talisman Capital Partners

Columbus, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 150M USD
Size Small
Type Sector Focused
DESCRIPTION

Talisman Capital is a private equity firm that targets investments in profitable, middle-market companies. Talisman makes investments to support shareholder exits, growth, acquisitions, and recapitalizations. Sectors of interest include financial services, manufacturing, healthcare, and software. Talisman Capital was formed in 2000 and is based in Columbus, Ohio.


DEAL STATS #
Overall 3 of 7
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Ohio M&A 1 of 5
Country: United States M&A 3 of 7
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 inVentiv Health

Burlington, Massachusetts, United States

inVentiv Health, Inc. is a provider of best-in-class clinical, commercial and consulting services to companies seeking to accelerate performance. inVentiv offers convergent services that deliver extraordinary outcomes to clients whose goal is improving human life.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Lifestyle Communities

Columbus, Ohio, United States

Lifestyle Communities is a multi-family developer that controls all aspects of the multifamily real estate process including site selection, architecture and design, development, construction, leasing, property management and asset management. Lifestyle Communities was founded in 1996 and is based in Columbus, Ohio

Buy -
Investor

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 10 of 112
Sector: Software M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 28
State: Ohio M&A 2 of 5
Country: United States M&A 10 of 112
Year: 2006 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-05 FutureHealth

Hunt Valley, Maryland, United States

FutureHealth Corp. is a population risk management company located in Hunt Valley, Maryland. The Company provides utilization, case, disease and maternity management, as well as a nurse advice and triage line. FutureHealth takes a comprehensive approach, which teaches patients to work with their physicians, comply with treatment plans and become active participants in their own healthcare.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Controlled Contamination Services

Dallas, Texas, United States

Controlled Contamination Services is a provider of specialized decontamination services and products for the pharmaceutical, medical device, and other high technology companies. Controlled Contamination Services was founded in 1993 and is based in Dallas, Texas.

Buy -