Exited Investment
Fortis Business Media
Prairie Capital Fund IV
| Location | Nashville, TN |
| Transaction Type | Growth Buyout with Management |
| Investment Date | August 2007 |
| Exit Date | June 2013 |
| Buyer | Resolute Capital Partners, North Creek, Management |
| Business | Provider of state-specific compliance management and training solutions serving the Human Resources, Safety, Environmental, Compensation and Benefits, and Legal and Politics markets |
| Industry | Business Services |
Investment Rationale
- Scalable platform with demonstrated ability to cross-sell its product offering and unique/ cost-effective content development capabilities
- Experienced and equity incentivized management team
- Large and diverse customer base
- Opportunity to transition from legacy print products to subscription-based digital products
Value Add
- Human Capital
- Sales & Marketing
- New Products
- Add-on Acquisitions