Exited Investment
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