COSTA MESA, Calif. (January 29, 2010) – Zanbar Capital, a Scottsdale, Arizona-based private investment firm has provided growth capital on December 31, 2009 to Public Interest Data, Inc., an on-demand database provider to the nonprofit sector. Terms for the transaction were not disclosed.
McGladrey Capital Markets initiated the transaction, led negotiations and acted as the exclusive financial advisor to Public Interest Data.
“The investment of growth capital in Public Interest Data by Zanbar will allow the Company to continue the development of in-demand technology capabilities currently lacking in the marketplace,” said Brian Boyle, senior managing director at McGladrey Capital Markets.
“While charitable giving has been adversely impacted by the global recession, growth within the nonprofit sector is expected to regain strength. Nonprofits’ continued adoption of technology will enhance their fundraising capabilities which ultimately will enable them to better fund their causes.”
About Zanbar Capital
Zanbar Capital is a private investment firm focused exclusively on investing in or acquiring small to mid-sized established companies.
For business owners or families who are seeking liquidity, generational transition, capital for growth or financial recapitalization, Zanbar Capital is an experienced partner.
Founded in 2008, the firm was established to partner with great management teams to achieve long-term growth in exceptional businesses.
About Public Interest Data, Inc.
PIDI is an industry leading data management solutions provider to nonprofit organizations. The Company provides database management services, merge/purge processing and list exchange services to leading nonprofit organizations in the United States. These services play a critical role in providing nonprofit organizations the tools necessary for them to successfully manage their donor relationships which ultimately leads to successful fundraising.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider.
McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.