William Blair acted as exclusive financial advisor to symplr, a portfolio company of Pamlico Capital and The CapStreet Group, in connection with its sale to Clearlake Capital. The transaction was announced on October 23, 2018.
Transaction Highlights
- Deep relationships and sector experience: symplr was attracted to William Blair's extensive knowledge of the healthcare IT space developed through a number of highly-relevant transactions and a long-standing, successful relationship with Pamlico Capital and The CapStreet Group.
- Process and execution excellence: William Blair conducted a comprehensive marketing process including both strategic and financial buyers, leveraging its strong familiarity with symplr and its end markets to position the company as the leading platform in the healthcare governance, risk, and compliance sector. The company attracted significant and diverse buyer interest, and this customized marketing effort resulted in a successful outcome for shareholders and management.
- Trusted guidance: William Blair's transaction team was deeply involved in each step of the transaction process, including close collaboration with symplr in developing marketing materials, driving strategic and tactical decision-making, coordinating due diligence during an accelerated signing process, and negotiating key contract terms.
About the Companies
Founded in 2006, symplr is an industry leader in compliance and credentialing SaaS solutions that help healthcare organizations mitigate risk and ensure compliance. symplr,has a single mission: to make healthcare compliance and credentialing simpler for all constituents of the healthcare community.
Pamlico Capital is a private equity firm founded in 1988 that primarily invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $125 million alongside founders and proven management teams in its target industries; business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $3 billion.
The CapStreet Group is a Houston, Texas based private equity firm that invests in owner-managed, lower middle market companies. CapStreet targets companies operating in the value-added distribution, industrial services and manufacturing, and business to business service sectors. CapStreet's approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long term sustainable businesses.
Clearlake Capital Group is a leading private investment firm founded in 2006. The firm's core target sectors are industrials and energy; software and technology-enabled services; and consumer. Clearlake has managed approximately $7 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments.