Serent Capital related stories
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MedData to buy PE-backed Cardon Outreach for $400 mlnMedData Inc has agreed to acquire Texas-based Cardon Outreach LLC, a provider of revenue cycle management services, for a consideration of $400 million. The deal is expected to be completed within the next month. Cain Brothers advised Cardon Outreach on the transaction. Cardon Outreach was backed by Serent Capital.
- PE-backed Cardon Outreach to merge with Diversified Healthcare Resources
Cardon Outreach, which is backed by Serent Capital, will merge with Diversified Healthcare Resources. No financial terms were disclosed. The newly combined company will provide revenue cycle management services. Cain Brothers provided financial advice to Cardon Outreach on the transaction while Greenberg Advisors advised DHR.
- Serent Capital invests in Compeat
Serent Capital has made an undisclosed investment in Compeat Restaurant Management Systems. Based in Austin, Texas, Compeat Restaurant Management Systems is a provider of accounting and back office software and solutions to restaurants.
On the move, 4.20.15The following hires, promotions and appointments are for the April 20, 2015, issue of Buyouts.
- Fountain named CEO of FranConnect
FranConnect, which is backed by Serent Capital, said Tuesday that Christopher Fountain has joined as CEO. Fountain is taking over from Amit Pamecha, FranConnect’s founder, who will continue to serve as a board member. Reston, Virginia-based FranConnect provides franchise management software.
- MinuteKEY locks up $30 mln
MinuteKEY has raised $30 million in funding from Main Street Capital Corp. Based in Boulder, Colorado, MinuteKEY is a maker of a self-service, key duplication kiosk.
- Serent Capital Backs Optimal Blue
Serent Capital has invested in Optimal Blue, a mortgage technology provider. The companys was founded by Larry Huff and Ivan Darius in 2002.
- Serent Capital Invests in Knowland Group
Serent Capital has invested in the Knowland Group, a data and software provider in the hospitality industry. The business was founded by Michael K. McKean in 2004.
Slow Week for U.S. Private Equity DealsU.S. announced mergers fell back to Earth this week. There were 78 U.S. announced transactions for the period ended Feb. 21, valued at about $10.1 billion, according to Thomson Reuters.
- Serent Capital Backs Optimal Blue
Serent Capital has invested in Optimal Blue, a provider of a pricing and secondary marketing automation platform. Optimal Blue was advised by Milestone Advisors LLC headquartered in Washington, DC.