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Private Equity
pamlicocapital.com

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Investments

57

Portfolio Exits

30

Funds

7

Partners & Customers

2

Service Providers

3

About Pamlico Capital

Pamlico Capital, formerly Wachovia Capital Partners and previously First Union Capital Partners, is a private equity firm focused on growth capital and leveraged buyout investments in middle-market companies in the business services, technology services, telecommunications and healthcare industries.

Pamlico Capital Headquarter Location

150 North College Street Suite 2400

Charlotte, North Carolina, 28202,

United States

704-414-7150

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Latest Pamlico Capital News

AVANT Announces Strategic Growth Investment from Pamlico Capital

Oct 22, 2021

Investment to Accelerate Growth and Scale for Rapidly Growing Chicago-based Premier Distributor for Next Generation Technology October 22, 2021 01:00 PM Eastern Daylight Time CHICAGO--( BUSINESS WIRE )-- AVANT , a platform for IT decision-making and the nation’s premier distributor for next generation technology, today announced a strategic growth investment from Pamlico Capital . The investment will drive further expansion and scale for our business and that of the Trusted Advisor. Co-founder and CEO Ian Kieninger, co-founder and President Drew Lydecker, and the management team will maintain significant ownership in AVANT and continue to manage the growth of the company. Further transaction details were not disclosed. “The timing is right to partner with Pamlico Capital, who understands AVANT’s growth potential in our industry and is aligned with our culture, values and mission to be the global leader in powering next-generation technology decisions,” said Kieninger. “The speed of digital transformation is only increasing and solutions are more complex and evolving faster than ever before, meaning that the expertise provided by AVANT’s Trusted Advisors is at its highest level of demand. Through this investment, and the network, resources and expertise of Pamlico, AVANT is positioned to not only meet that demand today but support our system for the IT decision-making landscape of the future.” Since its founding in 2009, AVANT has proudly helped lead and support the rapid acceleration and growth of the emerging technology market in its home market of Chicago. The company has experienced 62% employee growth over the last two years and plans to further increase hiring for the remainder of the year into 2021. This growth is a reflection of today’s fast changing technology market and the need for assistance with IT decision-making. In the first half of 2021, AVANT’s average deal size increased 66% with UCaaS, 79% with security and 66% in cloud. “I’m extremely proud of the accomplishments and progress our AVANT team has made over the past decade. We’ve developed a strong reputation for providing top level service and being a true partner to CIOs and IT decision-makers across the globe. Through this investment, however, our mission does not change. Rather, it represents a tremendous opportunity to enhance our support and further enable our Trusted Advisors to cement our position as the leader in the market for years to come,” said Lydecker. Pamlico Capital, a private equity firm based in Charlotte, North Carolina, was founded in 1988 and invests in growing middle market companies. The firm provides capital and trusted partnership to the companies in which it invests within the business & technology services, communications, and healthcare industries. “Given the rapid pace of change and innovation in today’s technology landscape, we are big believers in the mission of AVANT and its Trusted Advisors,” said Scott Stevens, Partner at Pamlico. “Ian, Drew and the entire AVANT team have built an impressive company in which we are proud to invest.” Andrew Tindel, Principal at Pamlico added, “With its innovative platform and rapidly growing ecosystem of Trusted Advisors, AVANT has tremendous momentum. Pamlico is committed to partnering with the AVANT team and providing new resources to accelerate this momentum in building the market’s leading distributor for next generation technology.” Guggenheim Securities, LLC served as exclusive financial advisor to AVANT. About AVANT AVANT is a platform for IT decision-making and the nation’s premier distributor for next-generation technologies. AVANT provides unique value to its extensive network of Trusted Advisors with original research, channel sales assistance, training, and tools to guide decision-making around IT services that promote business growth. From complex cloud designs to global wide-area network deployments to the latest in security services, AVANT sets the industry standard in enabling its partners and clients to make intelligent, data-driven decisions about services, technology and cost-effective communications. For more information, visit www.goavant.net , or connect on Twitter and LinkedIn . About Pamlico Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com . Contacts

Pamlico Capital Investments

57 Investments

Pamlico Capital has made 57 investments. Their latest investment was in AVANT Communications as part of their Private Equity on October 10, 2021.

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Pamlico Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/22/2021

Private Equity

AVANT Communications

Yes

1

9/2/2021

Private Equity

Profisee

Yes

1

8/2/2021

Private Equity

CEATI International

Yes

4

7/21/2021

Private Equity

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$99M

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10

6/30/2021

Series D

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$99M

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10

Date

10/22/2021

9/2/2021

8/2/2021

7/21/2021

6/30/2021

Round

Private Equity

Private Equity

Private Equity

Private Equity

Series D

Company

AVANT Communications

Profisee

CEATI International

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

4

10

10

Pamlico Capital Portfolio Exits

30 Portfolio Exits

Pamlico Capital has 30 portfolio exits. Their latest portfolio exit was PrizeLogic on September 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/9/2021

Acquired

1

8/3/2021

Acquired

$991

2

6/24/2021

Corporate Majority

1

00/00/0000

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10

00/00/0000

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10

Date

9/9/2021

8/3/2021

6/24/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Corporate Majority

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Companies

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Valuation

$991

Acquirer

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Sources

1

2

1

10

10

Pamlico Capital Acquisitions

18 Acquisitions

Pamlico Capital acquired 18 companies. Their latest acquisition was Canadian Orthodontic Partners on April 14, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/14/2021

Acq - Fin

Acq - Fin - II

3

7/16/2019

Acq - Fin

1

7/26/2018

Acq - Fin

Acq - Fin - II

1

10/7/2014

Acquired Unit - Fin

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$99M

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10

2/22/2014

Recap

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$99M

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10

Date

4/14/2021

7/16/2019

7/26/2018

10/7/2014

2/22/2014

Investment Stage

Acq - Fin

Acq - Fin

Acquired Unit - Fin

Recap

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acq - Fin - II

Acq - Fin

Acq - Fin - II

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Sources

3

1

1

10

10

Pamlico Capital Fund History

7 Fund Histories

Pamlico Capital has 7 funds, including Pamlico Capital V Executive Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/19/2020

Pamlico Capital V Executive Fund

$20.18M

1

2/18/2020

Pamlico Capital V

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$99M

10

11/21/2016

Pamlico Capital IV

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$99M

10

10/8/2013

Pamlico Capital III

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$99M

10

8/15/2007

Pamlico Capital II

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$99M

10

Closing Date

10/19/2020

2/18/2020

11/21/2016

10/8/2013

8/15/2007

Fund

Pamlico Capital V Executive Fund

Pamlico Capital V

Pamlico Capital IV

Pamlico Capital III

Pamlico Capital II

Fund Type

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Status

Amount

$20.18M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Pamlico Capital Partners & Customers

2 Partners and customers

Pamlico Capital has 2 strategic partners and customers. Pamlico Capital recently partnered with AltaReturn on May 5, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

5/1/2017

Vendor

AltaReturn

United States

Pamlico Capital selects AltaReturn - AltaReturn

Pamlico Capital has selected AltaReturn 's platform to streamline its fund accounting , corporate accounting , investor relations & LP portal operations .

1

10/3/2011

Partner

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10

Date

5/1/2017

10/3/2011

Type

Vendor

Partner

Business Partner

AltaReturn

Country

United States

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News Snippet

Pamlico Capital selects AltaReturn - AltaReturn

Pamlico Capital has selected AltaReturn 's platform to streamline its fund accounting , corporate accounting , investor relations & LP portal operations .

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Sources

1

10

Pamlico Capital Service Providers

7 Service Providers

Pamlico Capital has 7 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin - II

Counsel

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin - II

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Provider Type

Counsel

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Service Type

Financial Advisor

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Partnership data by VentureSource

Pamlico Capital Team

4 Team Members

Pamlico Capital has 4 team members, including current Chief Financial Officer, Tracey M. Chaffin.

Name

Work History

Title

Status

Tracey M. Chaffin

Chief Financial Officer

Current

Frederick W Eubank

Managing Partner

Current

L. Watts Hamrick

Managing Partner

Current

Scott B. Perper

Managing Partner

Current

Name

Tracey M. Chaffin

Frederick W Eubank

L. Watts Hamrick

Scott B. Perper

Work History

Title

Chief Financial Officer

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

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