Pamlico Capital has purchased a stake in human capital and payroll service DayNine Consulting Inc.
Terms of the transaction have not been disclosed, but Pamlico typically spends between $15 million to $100 million per deal on growth equity and buyout investments.
The Charlotte, North Carolina-based private equity made the deal through Pamlico Capital III, a $650 million fund, and currently manages more than $2 billion in assets.
DayNine, based in Pleasanton, California, has offices in seven cities across North American and Europe. The firm tapped Clearsight Advisors to run the sale process. The deal with Pamlico was announced July 22.
Earlier in 2014, Pamlico picked up a majority stake in Daxko Inc., Birmingham, Alabama software provider, followed by broadband assets in South Dakota from Wow! Internet Cable & Phone in a deal valued at $262 million.