April 30, 2009, Teaneck, NJ. DFW Capital Partners announced today that it has led the recapitalization of SoftWriters, Inc., based on Allison Park, PA. The transaction facilitated a liquidity event for the company’s founder, and provided a significant continuing equity ownership position for SoftWriters’ key management and employees. DFW completed this investment, in part, with funds from its most recent private equity fund, DFW Capital Partners III L.P.
SoftWriters is the leading, and fastest growing provider of enterprise application software and related services to the institutional pharmacy marketplace. Serving principally independent and regional “closed-door” pharmacies, which in-turn service primarily long-term care and correctional markets, SoftWriters’ technology platform facilitates the smooth and accurate management of pharmacy work-flow, payer adjudication, formulary and drug interaction compliance, as well as inventory, financial and delivery logistics functions. Unlike most of its competition, SoftWriters’ platform is based on open-architecture, Microsoft technologies, allowing it to interface with the broadest range of third-party productivity, packaging, financial and other core pharmacy technologies. These advantages have enabled SoftWriters to rapidly gain market share, and establish a diversified and extremely loyal client base across the institutional pharmacy marketplace.
Joining DFW in the SoftWriters deal were lenders Tri-State Bank and Greyrock Capital Group.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in both building leading companies, and recognizing top-quartile returns for its investors. DFW is headquartered in Teaneck, NJ, and maintains an office in Washington, D.C. For more information contact Keith Pennell, General Partner, at (201) 836-6000.