Primus Invests in Focus Receivables Management
3/30/2005
MARIETTA, GA - Primus is pleased to announce an $8.2 million investment by Primus Capital Fund V Limited Partnership (“PCF V”) for the growth and recapitalization of Focus Receivables Management. (“Focus”). Focus provides outsourced accounts receivables management and collection services, primarily to Fortune 500 consumer and commercial credit grantors in the financial services, telecommunications and automotive segments. Focus is based in Marietta, GA.
Jonathan Dick and Phillip Molner will represent PCF V on Focus’ board of directors.
Founded in 1983, Primus is a private equity firm that invests in growth capital opportunities, recapitalizations and management-led buyouts. Primus invests $10-$25 million in control and minority ownership transactions targeting companies with proven business models and superior growth prospects. Although experienced in a number of industries, Primus places an increased emphasis on the business services, healthcare, for-profit education and communications sectors.