Parthenon Capital Makes Strategic Investment in Embark

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 Makes Strategic Growth Investment in Cherry Bekaert

June 30, 2022

Accounting & Tax

Parthenon Capital has made a strategic, growth-oriented investment in Cherry Bekaert to support the firm's business advisory practices, funding technology, infrastructure, and expansion initiatives. The transaction restructures Cherry Bekaert into Cherry Bekaert LLP (attest services) and Cherry Bekaert Advisory LLC (business advisory/non-attest services) and is intended to accelerate organic growth and enable strategic acquisitions.

Parthenon Capital Invests in AArete

June 24, 2025

Consulting

Parthenon Capital has made a strategic growth investment in AArete, a Chicago-based management and technology consulting firm specializing in profitability improvement and digital transformation for healthcare payers, financial services and the public sector. The capital will be used to accelerate growth initiatives, broaden AArete’s service offerings, and support acquisitions while existing employees and leaders remain significant shareholders.

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

October 4, 2021

Healthcare Services

Parthenon Capital completed a recapitalization of Smart Data Solutions (SDS), a provider of payer-focused claims automation, workflow and data management solutions. The Blue Venture Fund, representing 35 Blue Cross Blue Shield plans, also invested to support SDS's growth, product innovation and strategic acquisitions; terms were not disclosed.

Parthenon Capital Acquires Majority Stake in Titan Wealth

February 21, 2023

Wealth Management

Parthenon Capital has acquired a majority stake in Titan Wealth, partnering with the management team to support further organic growth, technology investment and future M&A. The transaction delivers a partial exit for Maven's UK Regional Buyout Fund (with a material return) while existing investors including funds managed by Ares and Maven remain committed to the business.

Parthenon Capital Makes Additional Investment in CardWorks, Inc.

February 15, 2022

Payments & Fintech

Parthenon Capital has made an additional investment in CardWorks, Inc., the parent of CardWorks Servicing, Merrick Bank and Carson Smithfield; terms were not disclosed. As part of the transaction Parthenon co-CEO Brian Golson will join CardWorks' Board of Directors, and the firm said the capital will support continued growth of the company's consumer lending, payments and servicing businesses.