New “Private Equity at Work” Video Highlights the Strategic Partnership Between PE and Coupon Processor, Inmar
Judge: “In 2011, private equity firms pumped $144 billion into 1,702 companies, and Inmar is just one of many hugely successful stories.”
Washington, D.C., June 12, 2012 – The presidential election has brought the private equity business model into sharp focus. But sometimes lost in the political debate is the positive impact private equity brings to the companies in which they invest. In another example of private equity improving and strengthening companies, the Private Equity Growth Capital Council (PEGCC) released its latest video case study highlighting Inmar, a national coupon and reverse logistics processing company. Every time a consumer goes to the cash register with a coupon, Inmar is behind the transaction, processing 3.8 billion transactions annually. The video becomes the latest addition to the “Private Equity at Work” series.
“In 2011, private equity firms pumped $144 billion into 1,702 companies, and Inmar is just one of many hugely successful stories. This new video illustrates yet another example of private equity growing and strengthening companies, and we are proud to add the Inmar case study to our collection of private equity success stories,” said Steve Judge, President and CEO of PEGCC. “While owned by private equity, Inmar has created jobs, invested in technology, and provided the capital necessary to grow. Private equity is part of the long-term solution for our country’s economic recovery.”
Investment highlights:
– Employs more than 4,200 people worldwide, with its largest facilities in North Carolina, Texas and Pennsylvania.
– Created more than 859 new jobs; 24% job growth, since being purchased by private equity in 2006.
– In 2011, named the Best Large Company in the Triad area by the Greensboro News & Record.
– Invested more than $100 million in information technology, over the past four years.
“One of the things that we’re proud of is we’ve increased the spending on capital expenditure and research and development by over two and a half times since we bought the company,” said Doug Londal, Managing Director of New Mountain Capital in the video. “I think there is a perception that when private equity folks go in, that you cut the costs and you cut capital, but the fact is we’ve been growing the revenues, we’ve been growing the people, and we’ve been growing the capital expenditures,” Londal continued.
Private equity firms invested more than $144 billion in 1,702 U.S.-based companies in 2011, according to an analysis recently released by the Private Equity Growth Capital Council. The top five states in terms of investment were Texas, New York, California, North Carolina and Oklahoma. Additional states that made the top 20 include Florida, Colorado, Ohio, Virginia, and Nevada.
