ClearPoint Investment Partners has acquired a stake in data management company Shore Group Associates. Financial terms were not disclosed.
Shore Group collects and catalogues data and turns into information to help businesses improve operations. The target serves the the financial services, healthcare and education sectors.
"We see numerous avenues to materially increase company value and capitalize on an enormous market opportunity," says ClearPoint co-founder Carty Chock.
ClearPoint is a San Mateo, California-based lower middle market private equity that focuses on the business services and financial processing sectors. The firm invests at least $3 million in Ebitda in companies that have up to $200 million in revenue.
Some other deals among data companies include: Bregal Sagemount's investment in data advisory firm Lux Resarch; the Carlyle Group's (Nasdaq: CG) acquisition of consumer data provider Claritas from Nielsen (NYSE: NLSN); Blackstone Group LP (NYSE: BX) and New Mountain Capital’s $570 million investment in retail data provider JDA Software Group Inc.; and HGGC’s add-on acquisitions to portfolio company Survey Sampling, a brand tracker.