Project Description

Administar Services Group

Prairie Capital Fund IV

Location Jacksonville, FL
Transaction Type Growth Buyout with Founder and Management
Investment Date January 2007
Exit Date October 2007
Business

Provider of services that allow its customers to efficiently manage critical components of bankruptcy, class action, mass tort and government settlement processes

Industry Business Services

Investment Rationale

  • Maintained attractive margins as a result of a proprietary database management system, outsourcing of certain capital and labor intensive components, operational efficiencies, and a consulting-based billing approach
  • Demonstrated strong financial performance despite declining Chapter 11 filings
  • Favorable industry outlook – rising interest rates, heavily leveraged corporations, and record high yield debt issuance