News Archives
September 2009 Prairie Capital IV invests in acquisition of Statlab Medical Products
Prairie Capital's fourth fund has provided preferred and common equity and junior subordinated notes to acquire Statlab Medical Products, Inc. Statlab, based in McKinney, Texas, is a national distributor of specialized branded medical products and suppliers to diagnostic and pathology laboratories. Prairie invested alongside Caldera Capital Partners in this transaction.
July 2009 Prairie Capital IV invests in acquisition of Specialized Education Services
Prairie Capital provided preferred and common equity and junior subordinated notes to support the acquisition of Specialized Education Services, Inc. (SESI) in partnership with Chicago Growth Partners and Twin Bridge Capital Partners. SESI is a leading provider of non-public educational services for children with learning and behavioral difficulties in Kindergarten–12th grade. SESI offers highly individualized, tutorial-based education at its schools and programs that serve over 1,700 students in seven states.
March 2009 Prairie Capital IV provides equity in FCA Acquisition
Prairie Capital partnered with Ancor Capital Partners and company co-founder and president Jeff Campagna to finance the acquisition of FCA Packaging Products, LLC - a leading provider of custom designed and expendable packaging products and related services for original equipment manufacturers (OEMs).
October 2008 Prairie Capital IV invests in Chicago's Cole Taylor Bank
Prairie Capital IV provided senior subordinated notes and convertible preferred stock in the recapitalization of Chicago-area commercial bank Cole Taylor Bank by a group of investors including Financial Investments Corp., other Chicago institutions, and other high net worth investors.
January 2008 Prairie Capital IV provides capital to acquire Insource Performance Solutions
Prairie Capital IV provided senior subordinated notes and common stock to support the acquisition of Charlotte, NC-based Insource Contract Services LLC by Colville Capital and its management team. Insource is a leading provider of on-premise contracted labor services for light manufacturing, assembly, and distribution.
November 2007 Prairie IV Helps Form Holding Company Fortis
Prairie Capital's fourth fund partnered with Daniel Oswald to form Fortis Business Media LLC, providing $15 million in preferred and common equity to support Fortis's initial acquisition of M. Lee Smith Publishers LLC. Based in Brentwood, Tennessee, Fortis was established to acquire specialty information publishing businesses, and plans to leverage M. Lee Smith's customer base and product offerings to grow as a business-to-business information company.
August 2007 Prairie Supports Management's Buyout of Wisconsin-based Pioneer
Prairie Capital IV provided $18.5 million in preferred and common equity and senior subordinated notes to support the buyout of Pioneer Metal Finishing by its CEO, Robert Pyle, and other managers. Based in Green Bay, Wisconsin, and operating four plants in the U.S., Pioneer is a leading metals finisher, specializing in anodizing aluminum and electroless nickel plating of ferrous and non-ferrous metals.
July 2007 Prairie's Fourth Fund Invests in Global GPS Provider Navman Wireless
Prairie Capital provided $13.9 million in preferred and common equity to support the management team's acquisition of Navman Wireless from its publicly traded parent, Brunswick Corporation (NYSE: BC). Based in Auckland, New Zealand, Navman provides GPS-enabled fleet tracking solutions to small and mid-sized enterprises and customized GPS technologies to original equipment manufacturers.
May 2007 Prairie IV Invests in CDEC Acquisition
Prairie Capital IV, L.P., provided $12.7 million in preferred and common equity to support management's acquisition of Chicago Deferred Exchange Company—a leading Qualified Intermediary for investors. Founded in 1989, CDEC is based in Chicago. Prairie Capital partnered with Financial Investments Corp., U.S. Ameribank, and management on this transaction.
April 2007 Prairie IV Invests in EIC Holding, Inc.
Prairie Capital IV, L.P., provided $13.5 million in preferred and common equity to support the formation of EIC Holding, Inc., and its acquisition of the Saba University School of Medicine and the Medical University of the Americas, two leading for-profit universities that award four-year graduate degrees in Doctors of Medicine. Prairie Capital partnered with Equinox Capital to acquire the two universities.
January 2007 Prairie IV Acquires Administar Services Group
Prairie's fourth fund, Prairie Capital IV, L.P., announced its acquisition of Administar Services Group, a provider of administrative services related to the efficient management of bankruptcy, class-action, mass tort, and government settlement processes. Prairie Capital partnered with David Leininger, Administar's founder and CEO, and Cheesman & Company in the transaction.
December 2006 Prairie Announces Fund IV Close at $250 Million
Prairie Capital has officially closed its fourth fund with $250 million of capital, consisting of $200 million of investor commitments and a $50 million committed bank facility. Prairie will continue its strategy of investing in change of ownership transactions at the lower end of the middle market, and intends to make control equity and subordinated debt investments in increments of $5 million to $15 million. Capital for our fourth fund was provided by high-net-worth individuals, bank groups, and strategic investors—a substantially high percentage of whom were investors in one or more of our previous funds.
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