Recapitalizations in 2015

symplr, a Houston-based SaaS provider of healthcare compliance and credentialing solutions, completed a recapitalization led by Pamlico Capital alongside existing investors including The CapStreet Group. The investment will provide capital to expand symplr's solution portfolio and support organic and acquisitive growth; terms were not disclosed.

B4 Investimenti and a group of industry executives led by Roberto Bartolena have completed a recapitalization investment in GWC Valve International, with GWC shareholders retaining a significant ownership stake. GWC will maintain US and Chinese operations and move its headquarters to a new facility in Milan, Italy to better serve its international oil & gas customer base and fund future growth initiatives.

Affiliates of TRP Capital Partners have acquired a controlling interest in Endurance Dealer Services, LLC and Endurance Warranty Services, LLC (together, Endurance). The transaction is a recapitalization: founders Paul Chernawsky and Jordan Batt will retain significant ownership and continue to operate the business as the company pursues further growth; Colonnade Securities served as exclusive financial adviser to Endurance.

Kian Capital Partners and OFS Capital recapitalized Riveron Consulting, with 7 Mile Advisors acting as financial advisor to Riveron. The investment is intended to strengthen Riveron’s leadership with middle-market and private equity clients and accelerate the firm’s continued growth and capability expansion in transaction and financial advisory services.

Hammond, Kennedy, Whitney & Company, Inc. (HKW) completed a recapitalization of GMD Distribution Inc. and Ophthalmic Direct LP on March 24, 2015. GMD, based in Oakville, Ontario, is a distributor of specialty ophthalmic pharmaceuticals to Canadian clinics and pharmacies; the transaction was supported by management and the company was represented by NewPoint Capital Partners and CCC Investment Banking.

North Branch Capital completed a minority/recapitalization investment in Motion Solutions, an Aliso Viejo-based value-added distributor of linear motion and motion control products. Midwest Mezzanine provided subordinated capital and First American Bank provided senior debt; Motion Solutions' management (including Harold Katz and Wally Logan) retained a significant equity stake and will continue to lead the company.

Francisco Partners has agreed to recapitalize eSolutions, a Minneapolis-based provider of healthcare revenue cycle management SaaS and analytics. TripleTree advised eSolutions (and selling investor WestView Capital Partners) on the transaction, which is expected to close in Q1 2015 and will support eSolutions’ growth and expansion of analytics and payment enablement capabilities.