Participated · Debt Financing · Sep 2014

Redeem Holdings operates a recycling and take-back management platform for mobile and electronic products. It sources used handsets from mobile network operators, consumers through its internet business Envirofone, and businesses across Europe serviced by dedicated telesales teams. The company raised £15m in combined debt and equity funding and intends to use the proceeds for international organic growth and potential acquisitions. Redeem currently operates in 23 countries on three continents and has regional offices in Madrid, Sweden/Estonia, Dubai and Hong Kong. Founded in 2011 and led by Founder and Chairman Trevor Bayley and CEO Claes Svensson, the company employs 273 people.

Led · Equity · Feb 2014

Etransmedia delivers integrated software, services and connectivity solutions to automate critical functions in the healthcare industry, with a focus on revenue cycle management and practice-management workflows. The company operates nationally from Troy, New York, and serves healthcare systems, hospitals and affiliated physician practices. It has more than 400 employees and reaches over 12,000 providers and 40,000 users. Etransmedia is pursuing inorganic growth: the latest investment from Praesidian supports its merger with DoctorsXL, which will expand geographic reach and cross-selling opportunities. Management anticipates continued progress building Etransmedia’s customer base in the $38 billion revenue-cycle-management industry. The company has previously received financing from Praesidian, including a financing two years ago that refinanced its debt. Etransmedia is a 13-year-old, Troy, New York–based healthcare IT company that offers a comprehensive suite of software and services, including its Connect2Care platform with integrated EHR/PM, patient engagement and personal health record, health information exchange, and ACO tools. The company also provides Revenue Cycle Management services to accelerate cash flow and improve returns for clients. Etransmedia serves more than 12,000 providers and 40,000 users, operates across 43 states, and employs 400+ people. Management says growth has expanded its geographic footprint and customer base while maintaining high levels of customer service. The company plans to use new funding to support acquisitions intended to augment its proprietary technology and accelerate growth. Etransmedia has been recognized on the Inc. 500 list (2013) for fastest-growing private companies and on the Deloitte Technology Fast 500 (2013). Etransmedia Technology provides software and services for financial and clinical management, including Revenue Cycle Management, integrated Practice Management and Electronic Health Record systems, patient identity management, a discrete clinical data repository, orders/results portal, patient portal, and analytics tools. The company serves 12,500 providers and 30,000 users across 43 states and employs approximately 400 people. Founded roughly 12 years prior to the announcement, Etransmedia has grown through product innovation and strategic acquisition. The company has been recognized on the Inc. 5000 list for multiple consecutive years and by the Deloitte Technology Fast 500. Management intends to use new capital to replace existing debt and to fund future opportunistic acquisitions. Praesidian characterized the opportunity as in a $17 billion sector that will require greater technology resources.