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New Deal


Announced

Completed

Parthenon completed the investment in CardWorks.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

consumer finance

Consumer Lending

consumer lending

United States

Single Bidder

Private

Private Equity

Friendly

Minority

Acquisition

Domestic

Synopsis

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Parthenon, a private equity firm, completed the investment in CardWorks, a consumer finance lender and servicer. Financial terms were not disclosed. “Everyone at CardWorks has benefited from having Parthenon Capital involved in our company as shareholders and partners over the last four years. I am pleased that Parthenon’s confidence in CardWorks has merited an additional investment," Don Berman, CardWorks Founder and Executive Chairman.

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