GREENWICH, Connecticut, Aug. 18, 2015 /PRNewswire/ -- Mooreland Partners (www.moorelandpartners.com), the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced it acted as the exclusive financial advisor to Proxibid on a growth equity financing led by Primus Capital. Based in Omaha, NE, the Proxibid Marketplace is the leading online marketplace for highly valued and specialized goods. This transaction highlights Mooreland Partners' ability to assist internet and eCommerce companies with access to growth equity capital from institutional investors.
"This financing highlights Mooreland's ability to help fast growing internet companies raise growth capital from sophisticated, value add investors. The Proxibid Marketplace is poised for rapid growth in the US and abroad due to its robust ecommerce product suite and fast growing customer base. Primus is an ideal financial partner for the business based on their experience scaling companies of this stage," said Peg Jackson, Managing Director of Mooreland Partners.
Founded in 2001, Proxibid offers an internet platform to bring liquidity to previously-owned items in large, highly fragmented, traditionally offline industries. The platform is used for selling assets across a range of segments including commercial and industrial equipment, farm machinery, art, antiques and collectibles, collector cars and others. The company offers buyers and sellers a number of formats to safely transact including Timed Auction, Live Auction, Buy Now and Make Offer. Proxibid serves more than 3,000 sellers offering over $3 billion in assets on its platform per year. The company's platform is differentiated by a world class technology suite, including MarketGuard™, Proxibid's proprietary, bank-level fraud prevention capability.
ABOUT PRIMUS CAPITAL
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software, technology-enabled services, and education industries. Founded in 1983 and currently investing Primus Capital Fund VII, Primus has invested in over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, visit www.primuscapital.com.
Proxibid provides auction companies and asset owners with access to the most trusted online Marketplace for buying and selling highly valued items. More than $3 billion in inventory passes through Proxibid's Marketplace annually via live and timed auctions, as well as Buy Now and Make Offer capabilities, across 15 categories that include heavy equipment; industrial machinery; real estate; fine art, antiques and collectibles, and more.
Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in South Sioux City, NE and London. For more information about Proxibid, please visit www.proxibid.com.
ABOUT MOORELAND PARTNERS
Founded in 2002, Mooreland Partners is a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, serving clients from its offices in Silicon Valley, Greenwich (CT), and London. Mooreland's team of almost 50 banking professionals delivers industry domain and transaction expertise across all major technology sectors including communications technology, mobile and digital media, enterprise software and services, as well as industrial technology and electronics. Follow us on Twitter or learn more at www.moorelandpartners.com.
All trademarks contained herein are the property of the respective owners.
SOURCE Mooreland Partners