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New Deal


Announced

Completed

424 Capital completed the investment in PTP.

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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Acquisition

United States

cloud consulting

Domestic

Private Equity

managed services

Single Bidder

Minority

Completed

Private

Digital Services

Friendly

Synopsis

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424 Capital, a capital partner that invests in lower middle market companies in the tech enabled services space, completed the investment in PTP, a cloud consulting and managed services firm. Financial terms were not disclosed. "We are excited to close this investment with 424 Capital. The power of PTP’s cloud and managed services portfolio combined with the additional business-growth expertise of 424 Capital will enable PTP to provide valuable services and cloud solutions to a greater number of life sciences clients and net-new markets," Ethan Simmons, PTP Managing Partner.

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