Parallax Capital Partners
Parallax Capital Partners, founded in 1999, specializes in control equity investments in lower middle market software and technology companies, with a portfolio generating over $1 billion in annual revenues.
Founders
Parallax Capital Partners was founded in January 1999. The principals of Parallax have collectively been involved in over 100 transactions during their careers. They bring extensive experience and a hands-on management approach to the firm's investment strategy.
Investment Strategy
Parallax Capital Partners focuses on making control equity investments in lower middle market software and related technology companies with revenues between $5 million and $100 million. The firm actively pursues investments in the USA, Canada, 'Developed' Europe, and Asia-Pacific. Their acquisition process involves evaluating transactions for either growth-oriented opportunities or legacy businesses. For growth-oriented acquisitions, they seek cornerstone companies with potential for strategic add-ons. Legacy situations focus on customer and product care to ensure business viability.
Portfolio and Acquisitions
Parallax Capital Partners' portfolio includes companies such as erwin, Quark, Centercode, and GroundWork. The firm has been involved in over 25 transactions, representing over $250 million in transaction value worldwide. Notable acquisitions include erwin, Bunchball, and Fox Technologies. The firm aims to acquire entities possessing mission-critical products, recurring revenues, and a stable customer base, including financially or operationally challenged situations needing prompt closure.
Geographic Reach
Parallax Capital Partners operates with a geographically agnostic approach, welcoming investment opportunities worldwide. The firm has a significant presence in the USA, Canada, 'Developed' Europe, and the Asia-Pacific region. They actively engage in corporate divestitures, public-to-private transactions, management buy-outs, private companies, and recapitalizations on a global scale.
Support Team
Parallax Capital Partners is supported by an in-house staff of M&A professionals, accountants, HR specialists, and technical personnel. This multidisciplinary team enables the firm to take an active management role in its portfolio companies, sometimes assuming interim positions as needed to ensure the success and stability of these businesses.