Renovus Capital Partners Recapitalizes The Panum Group, a Fast-Growing Professional Services Provider to the Federal Government
Wayne, PA – Renovus Capital Partners (“Renovus”), a Philadelphia area private equity firm announced today a significant minority investment in The Panum Group, LLC (“Panum” or the “Company”). Based in Bethesda, MD, Panum Group is a leading professional services organization that provides program management, mission and acquisition support and IT services to Federal Government agencies. The transaction will allow Panum Group to expand its services and geographical reach to better serve the needs of its clients such as the U.S. Department of Agriculture and Department of Homeland Security.
“The Panum team is delighted to become a member of the Renovus family of companies,” said Sujata Gupta, CEO & co-founder of the Company. “We decided to partner with Renovus because they understood the unique attributes of our business model and were able to structure a transaction preserving that while allowing my team and I to maintain a significant stake in the Company” added Vaikunth Gupta, also a Panum co-founder.
“We are strong believers in management consulting businesses with talented executive teams, differentiated services and a loyal customer base, and consider Panum as a best-in-class in its category,” commented Atif Gilani, a founding partner of Renovus. “Panum represents an exciting platform investment from our second fund, and we plan to continue building our interest in the space through add-on acquisitions for Panum and other standalone investments,” added Brad Whitman, also a founding partner of Renovus.
Focus Investment Banking served as the sell-side advisor to The Panum Group. DLA Piper served as legal counsel and CTS as a financial advisor to Renovus.
About Panum Group
Established in 1997, The Panum Group offers management consulting services such as program & project management, acquisition & contract management, business & strategy consulting and next generation information and communications technology services such as network infrastructure & security, research & analysis and training to Federal Government agencies. Please visit www.panum.com for more information.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is an education, training and human capital focused private equity firm. Renovus is based outside of Philadelphia and manages $485 million in assets under management through two SBIC funds. To date, the firm has acquired seventeen portfolio companies specializing in areas such as educational technology, educational content, traditional education, corporate consulting and training, and human capital. The firm is an active investor in profitable and growing enterprises where the Renovus team, in partnership with management, can create value through operational improvements, strategic growth initiatives and acquisitions. For additional information, see www.renovuscapital.com.