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Here's a portrait of CID Equity
Partners sent in by Amanda Haase, the Marketing Communications
Manager. Their Web site is at
www.cidequity.com.
CID Equity Partners is one of the
largest Midwest-based providers of private equity and
subordinated debt financing to seed, growth and mature
middle-market companies. Since its founding in 1981, the firm
has raised eight funds totaling nearly $440 million.
CID strives to be on the cutting
edge of entrepreneurial development throughout the Mid-America
region and invests in a variety of industries, including life
sciences, diversified technology, business services, and
industrial and consumer products.
Today, CID is actively investing
from three funds: a seed fund - which is capital used to support
young companies in the earliest stages of development; a venture
fund - which targets mid-to-late stage growth companies; and a
mezzanine fund - which provides established companies with funds
to support management buyouts, expansion financings, industry
consolidations, corporate spin-offs, and change-of-control
transactions.
Some of its success stories
include:
Cooperative
Resource Services
An employee relocation outsourcing firm, which provides services
in three areas: Relocation Services, Mortgage Banking, and
Appraisal Management. In 2001, CID successfully exited this
investment.
Enterprise
Systems, Inc.
A leading provider of hospital information systems, which
manages the operational aspects of hospitals. In 1995, the
Company completed a successful IPO.
Imageware, Inc.
A software company focused on the processing and analyzing of
3-D information received from various sensor technologies. The
Company was sold in 1998 to SDRC.
Propane
Continental, Inc.
A wholesale and retail propane distribution company engaged in
acquiring and operating retail propane outlets. In 1998, Propane
was acquired by Cornerstone Propane Partners, LP.
RFC Capital
A company providing factoring services in the telecommunications
industry. The company was sold in 1995.
SciCor Inc.
The first clinical laboratory exclusively devoted to providing
laboratory testing services and data processing support for the
U.S. pharmaceutical industry. The research data generated by
SciCor was used to prepare submissions to the Food & Drug
Administration (FDA) for approval to market new drugs. The
company grew very quickly and was sold to Corning, Inc. in 1991.
Sofamor Danek
Group, Inc.
A company that designs, manufactures and markets advanced
orthopedic products for treating spinal injuries and diseases.
In 1991, Danek Group completed a successful IPO.
Software Artistry,
Inc.
A company that develops proprietary computer software products
based on artificial intelligence technology, with a focus on
Help Desk customer service software. In 1995, the company
underwent a successful IPO.
The Wholesale
Club, Inc.
A company that operated a chain of cash-and-carry members-only
warehouse stores selling high-quality merchandise at wholesale
or near wholesale prices. The company was sold in 1990 to Sam’s
Club.
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