Flexpoint Ford Invests in YPrime; Ballast Point Ventures Remains Minority Investor

Mill Point Capital Partners with Prime Pensions Inc.

February 5, 2021

Financial Services

Mill Point Capital has made a control investment in Prime Pensions Inc., a Florham Park, New Jersey-based retirement plan recordkeeping, actuarial and administration services provider. Founder Scott Feit will remain CEO and retain a significant ownership stake as Mill Point provides capital and resources to support growth and strategic initiatives.

Frontenac Acquires Prime Technology Group from Renovus Capital Partners

January 7, 2020

IT Services

Frontenac, a Chicago-based private equity firm, has acquired Prime Technology Group, a Wayne, Pennsylvania-headquartered provider of outsourced application development and managed software solutions, from Renovus Capital Partners. Balance Point Capital provided a bespoke debt and equity financing package to support Frontenac's acquisition; financial terms were not disclosed. Frontenac said it will invest in strategic growth initiatives, talent and complementary software development capabilities to accelerate Prime's platform maturation and market penetration in healthcare, insurance and financial services.

Flexpoint Ford Makes Growth Equity Investment in Apollo Care

December 18, 2024

Healthcare Services

Flexpoint Ford has made a minority growth equity investment in Apollo Care through Flexpoint Fund V. The capital will be used to accelerate Apollo Care's technology and commercial solutions—expanding its patient copay, hub solutions, data warehousing, and commercial analytics offerings; Flexpoint principals Jonathan Oka and Elliot Lauzen will join Apollo Care’s board.

YPrime Acquires Tryl to Expand Patient Engagement Capabilities

February 8, 2022

Software

YPrime, a cloud-based eClinical solutions provider, has acquired Tryl, a patient engagement software company, and will transfer Tryl’s staff, development capabilities, and IP into YPrime to enhance its patient engagement technologies and support decentralized clinical trials. The acquisition is intended to integrate Tryl’s personalized engagement tools and proprietary engagement score with YPrime’s eCOA and IRT offerings to boost patient retention and trial adherence.

Flexpoint Ford and BMO Capital Partners Invest Up to C$150M in PayFacto

August 5, 2021

Payments & Fintech

Flexpoint Ford led an equity investment of up to C$150 million in PayFacto Payments Inc., with participation from BMO Capital Partners. The growth capital will fund PayFacto's U.S. expansion, product development (including a cloud-based POS), and future acquisitions to accelerate its payments and POS strategy.

Lightyear Capital Acquires Prime Pensions from Mill Point Capital

February 26, 2024

Financial Services

Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.