Tamarix Capital has selected DealCloud’s Private Equity SaaS module to support its fund operations. DealCloud is a provider of M&A software that supports the entire transaction process. “Our day-to-day execution has become streamlined; DealCloud keeps us all in sync on execution activity and portfolio company updates. The platform’s industry and sector specific approach to sourcing and managing deal flow helps us organize our firm’s core activities,” said Tamarix Managing Principal Mark Hauser.
Tamarix diligenced a number of CRM and deal management solutions but selected DealCloud because, according to Principal Peter Rothschild, “DealCloud provided what we needed out of the box. We didn’t have to undergo a huge customization and implementation effort.” After a brief trial, the Tamarix team worked with DealCloud to quickly import historical data and learn their firm’s customized user interface.
“We’re thrilled to have Tamarix ramped up on our platform. I believe current and prospective investors in Tamarix’s funds will be impressed with the granular data and quick reporting that DealCloud provides,” said DealCloud President Ben Harrison.
Private equity groups, venture capital firms, corporate M&A departments, and family offices use DealCloud CRM systems to support daily operations in real time. DealCloud’s other products are Investment Banking DealCloud CRM, DealCloud DataRoom powered by SmartRoom, and the namesake DealCloud.com interactive networking and deal sourcing platform. The company is based in Charlotte, NC (www.dealcloud.com).
Tamarix Capital invests from $5 million to $15 million in middle market companies that have revenues of $10 million to $100 million and EBITDAs from $3 million to $12 million. Sectors of interest include business services, industrial and niche manufacturing, consumer products and services, distribution and logistics, and health care services. The firm is based in New York (www.tamarixcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-23-13
