Project Description

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