Charlotte-based private equity firm Frontier Capital says it has helped finance a Virginia big-data company’s acquisition of another Virginia company that provides analytic services to the federal government.
Nashville, Tenn.-based private equity firm Petra Capital Partners also provided financing for PlanetRisk’s acquisition of Analytic Strategies, a deal announced this week. Terms were not disclosed.
Founded in 1999, Frontier invests in high-growth software and business-services companies.
Managing partners Andrew Lindner and Richard Maclean co-founded the company.
Sign Up and Save
Get six months of free digital access to The Charlotte Observer
Prior to that, Lindner’s career included working for the investment banking division of Charlotte-based Bank of America. Maclean worked in the investment banking operation for NationsBank, a Charlotte-based predecessor of Bank of America.