Primus Capital Partners Closes Seventh Fund at $353M

Cleveland, Ohio-based Primus Capital Partners has closed its seventh fund, at $353m.

Primus Capital Fund VII, LP, whose initial target was $300m, Primus VII received support from its existing investors and attracted several new institutional investors.

Led by Loyal Wilson, Managing Director and founder, Bill Mulligan, Managing Director, and Phil Molner, Managing Director, the firm backs high growth companies operating in the healthcare, technology-enabled services and education industries. It invests in a variety of transaction types, including control buyouts, control and non-control recapitalizations and growth capital.

The fund has already made two investments, both of which closed last December: They include:
– CardinalCommerce, a provider of credit card payment authentication and e-commerce enabling software solutions;
– Emmi Solutions, a healthcare services platform company that provides a comprehensive suite of technology-based patient engagement and empowerment solutions designed to reduce costs and improve clinical outcomes for providers and payers.

The firm was founded in 1983.



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