Investment Summary

Exits Teladoc

On April 29, 2015, invested in healthcare services company Teladoc from Trident Capital and New Capital Partners

Investment Highlights
  • This is transaction in the Healthcare Services sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • Teladoc was sold to a financial buyer in 2017.

Investment Summary

Date 2015-04-29
Target Teladoc
Sector Healthcare Services
Sellers(s) Trident Capital
New Capital Partners
Deal Type IPO

Target

Teladoc

Purchase, New York, United States
website
Teladoc is a national network of board certified, state licensed primary care physicians who provide telephone-based consultations 24 hours a day. Teladoc physicians diagnose routine care, non-emergency medical problems via phone, recommend treatment and prescribe medications when necessary. Teladoc Health was founded in 2002 and is based in Purchase, New York.

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Seller(S) 2

SELLER

Trident Capital

San Mateo, California, United States

website


Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 74 of 85
Sector (Healthcare Services) 2 of 3
Type (IPO) 10 of 10
State (New York) 4 of 4
Country (United States) 70 of 80
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-04 Exelate

New York, New York, United States

Exelate, Inc. provides data and insight on online purchase intent, household demographics and behavioral propensities that enable digital advertisers to make optimal marketing decisions.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Acclaris

Tampa, Florida, United States

Acclaris provides the services and technology that health plans, benefit consultants and financial institutions rely on to deliver health care and reimbursement account.

Sell -
DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 5 of 8
Sector (Healthcare Services) 4 of 5
Type (IPO) 1 of 1
State (New York) 1 of 1
Country (United States) 5 of 8
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 P&R Dental Strategies

Hamilton, New Jersey, United States

P&R Dental Strategies is an informatics company specializing in dental informatics solutions and dental claim review services. P&R Dental Strategies is based in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Repay Holdings

Atlanta, Georgia, United States

Repay Holdings is a full-service provider of electronic transaction processing services for retail merchants, offering a comprehensive line of solutions that include credit and debit cards, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay Holdings was founded in 2006 and is based in Atlanta, Georgia.

Sell -