Prairie Capital is pleased to announce two recent exits from Prairie Capital V. These successful exits highlight Prairie’s thematic investment strategy of partnering with founders and management teams to build market-leading platforms in targeted, high-growth industries.
In May, Prairie Capital sold TeacherMatch to PeopleAdmin, a portfolio company of Vista Equity Partners. Founded in 2012, TeacherMatch provides cloud-based recruitment, screening, professional development, and workforce planning solutions for K-12 school districts. Prairie Capital, in conjunction with Ron Huberman, identified a need for school districts to improve student success by changing how teachers are hired. Huberman led a team that developed a data-driven, research-based and analytically predictive teacher assessment tool, called the Educators Professional Inventory (EPI), designed to predict which teacher candidates are most likely to deliver student growth.
After the successful development of the EPI, TeacherMatch completed three add-on acquisitions and launched four new products. Together with significant company-building investments in management and technology, TeacherMatch was transformed into a comprehensive, rapidly growing K-12 talent management platform.
In October, Prairie Capital sold Riverchase to GTCR. Founded by Dr. Andrew Jaffe, Riverchase provides a comprehensive suite of advanced dermatologic support services, offering patients treatment options for skin cancer, general dermatology, and cosmetic surgery. Riverchase’s focus on providing the highest standard of care using advanced and differentiated treatment options, while fostering a positive patient experience, has positioned it as a leading dermatology services platform.
Prairie Capital identified dermatology practice management as an attractive business model in a growing industry sector, culminating in 2012 with Prairie’s investment in Riverchase. Prairie partnered with Dr. Jaffe and management to provide capital and support for Riverchase’s growth. Over the course of Prairie’s hold period, Riverchase expanded from 6 locations to 25 locations while making numerous company-building investments in management, technology systems, new service offerings, site selection and add-on acquisitions.