Clearlake Capital Group LP completed its previously announced purchase of Vendor Credentialing Service LLC, or symplr, from Pamlico Capital Management LP and the CapStreet Group LLC.
Symplr, a healthcare governance, risk and compliance software-as-a-service platform, will see CEO Rick Pleczko and CFO Tres Thompson, who will join the company's board, at the helm.
Skyknight Capital LP co-invested in the deal and will partner with Clearlake and symplr's management team to accelerate the growth of the business.
Antares Capital, Bain Capital Credit and Golub Capital provided financing for the sale. TripleTree and Harris Williams served as financial advisers to Clearlake.