Parthenon Capital Recapitalizes Smart Data Solutions with Investment from Blue Venture Fund

LLR Partners and Parthenon Capital Recapitalize DaySmart Software

October 16, 2019

Cloud & SaaS

LLR Partners and Parthenon Capital completed a growth-oriented recapitalization of DaySmart Software, acquiring the Ann Arbor-based provider of vertically-focused business management software for salons, pet care, spas and tattoo studios from SFW Capital Partners. The recapitalization is intended to fund product investment, accelerate organic growth and enable complementary acquisitions while DaySmart remains led by CEO Jeff Dickerson.

Smart Data Solutions Acquires JMS and Associates

October 10, 2022

Healthcare Services

Smart Data Solutions (SDS), a Parthenon Capital–backed healthcare automation provider, has acquired JMS and Associates, a Farmington Hills, Michigan provider of tech-enabled outsourced solutions for TPAs and other healthcare organizations. The acquisition expands SDS's claims processing, data capture and plan-building capabilities and brings JMS's leadership team and clients into the SDS organization.

Parthenon Capital Completes Growth Recapitalization of Nuvem Health

July 22, 2020

Healthcare Services

Parthenon Capital has completed a growth recapitalization investment in Nuvem Health, a healthcare technology company that provides pharmacy claims administration and analytics for safety-net healthcare providers. Proceeds will be used to accelerate growth initiatives and provide liquidity to non-management shareholders while Nuvem's senior leadership, including Founder & President Colleen DiClaudio and CEO Gonen Antebi, remain in place.

Parthenon Capital Invests in RxSense

May 12, 2020

Healthcare Services

Parthenon Capital, a growth-oriented private equity firm, has made a significant growth investment in RxSense to support the company's expansion and product development. Proceeds will be used for growth initiatives as RxSense scales its pharmacy benefits technology platform and consumer prescription savings solutions.

Parthenon Capital and Serent Capital Invest in BirchStreet Systems

January 27, 2022

Cloud & SaaS

Parthenon Capital has made a growth investment in BirchStreet Systems alongside existing investor Serent Capital; terms were not disclosed. The capital will accelerate BirchStreet’s growth (organic and M&A) as Brendan Reidy assumes the role of CEO to lead the company’s next phase of expansion.

Parthenon Capital Brings Together NXGEN International and Payscape

May 2, 2019

Payments & Fintech

Parthenon Capital backed the merger of NXGEN International and Payscape to form a combined global payments provider serving small- and mid-market merchants, SaaS partners and financial institutions. The combined company will operate in roughly 75 countries, process over $10 billion in annual payment volume and serve more than 20,000 merchants, with a strategic focus on product breadth, SaaS integrations and further acquisitive growth.