GROWTH REQUIRES MORE
Carrick takes an operational approach to growth investing, bringing a distinctive combination of operational and investment expertise to help entrepreneurs.
WE ARE EXPERTS IN TECH-ENABLED BUSINESSES
Specific industry focus and our quality over quantity philosophy positions us to dedicate the time and expertise a winning organization deserves.
OUR EXPERTISE BECOMES
Leveraging decades of knowledge and successes, our operational approach helps build companies that produce excellent returns and shift the industry.
WE CONCENTRATE ON A FEW, SELECT, HIGH QUALITY COMPANIES AND DEVOTE SIGNIFICANT RESOURCES POST-INVESTMENT HELPING OUR COMPANIES SCALE.
Business to Business technology-enabled companies:
SaaS, BPO and Transaction Processing
“Thesis Driven Origination” to identify sectors of high opportunity along with the specific companies demonstrating a “Value Edge” to best capitalize on that opportunity.
Based on Carrick’s experience and expertise, “Direct Targeting” of high quality, attractive investment targets that fall outside of, but complement, our thematic sourcing efforts.
Direct investment with at least one Board seat, and full alignment with the CEO on our ABV and “Top Drivers of Value”
Rev. $15 – $100M EBITDA Positive Market & Growth
TAM > $1B Organic Growth > 15% Attractive Margins Target Gross Margin > 50% Target EBITDA Margins > 15% Capital Appropriate Value Capital Efficiency
Marc McMorris, Co-Founder and Managing Director
Marc McMorris is a co-founder, managing director and co-chair of the Investment Committee of Carrick Capital Partners where he is directly involved in the selection and growth guidance of successful companies in technology-enabled services including BPO, Transaction Processing, and Software as a Service (SaaS).
Mr. McMorris has extensive experience investing in minority deals, recaps, carve-outs, and performing public offerings and sell-side deals. He has worked with companies valued from $50 million to $3 billion and equity investments ranging from $30 million to $400 million.
Previously, he was a managing director for General Atlantic, a growth-oriented $15 billion global private equity firm. Mr. McMorris was the lead or co-lead in approximately $900 million in investments in business services, financial services and software which included the successful IPOs of numerous companies. During his tenure, Mr. McMorris also led General Atlantic’s Palo Alto office.
Prior to General Atlantic, Mr. McMorris served as a vice president in the High-Tech Mergers and Acquisitions Group of Goldman Sachs, Inc. Before working for Goldman Sachs, Mr. McMorris was an associate at Morgan Stanley where he worked in the Telecom/Media Mergers & Acquisitions Group.
Mr. McMorris earned his MBA with a concentration in finance and accounting from The Wharton School of the University of Pennsylvania and his BS in economics from the University of Pennsylvania. Mr. McMorris is a trustee for the university and is a member of the Investment Committee and the committees of Audit and Compliance; Budget and Finance; and Local, National and Global Engagement, which he chairs.
Jim Madden, Co-Founder and Managing Director
Jim Madden is a co-founder, managing director and co-chair of the Investment Committee of Carrick Capital Partners where he is directly involved in the selection and growth guidance of successful companies in technology-enabled services including BPO, Transaction Processing, and Software as a Service (SaaS).
Earlier in his career, Mr. Madden was the founder, chairman, and chief executive officer of Exult, Inc., the pioneer of human resources BPO (business process outsourcing) for Global 500 corporations. Founded in 1998, Exult operated client service centers around the globe, servicing more than 600,000 employees with $20 billion in annual employee payments. Exult empowered such globally recognized companies as BP, Bank of America, International Paper, and Prudential Financial to enhance their human capital productivity, reduce costs and provide improved HR services. Within five years, Mr. Madden grew Exult from a concept to more than $500 million in revenue, and went on to lead the company’s successful IPO in 2000.
After merging Exult into Hewitt (NYSE: HEW) in late 2004, Mr. Madden became a special advisor with General Atlantic, a leading private equity firm focused on technology-enabled business-services companies. In this capacity, Mr. Madden actively supported or co-led investments in Genpact, TriNet, and ServiceSource. In 2007, he became a General Partner with Accretive, LLC (then Accretive Technology Partners), a private equity firm focused on early-stage technology services businesses. During his tenure, Mr. Madden co-led the establishment of Accolade and an investment in Business Insurance Now (renamed “Insureon”).
Prior to founding Exult, Mr. Madden held senior executive roles at SHL Systemhouse, a $2 billion IT outsourcer that was acquired by MCI in 1995. Previously, he was a Principal at Booz-Allen & Hamilton, and he started his career at Accenture (then Andersen Consulting).
Mr. Madden earned his BBA in finance and a BA in geology from Southern Methodist University. He serves on the board of directors of Accolade Health, Axiom Law, Everspring, Mavenlink, ServiceSource (NASDAQ: SREV) and Genpact (NYSE: G).
Alex Mason, Managing Director
Alex Mason is a Managing Director at Carrick Capital Partners and is a member of the founding team. Mr. Mason is involved in all areas of the firm’s investing activities.
Prior to Carrick, Mr. Mason was a Vice President at Accel-KKR, a technology buyout investment firm. Prior to Accel-KKR, Mr. Mason worked at Technology Crossover Ventures (TCV), a private equity and public equity investment firm focused on growth investments. While at TCV, Mr. Mason was involved in minority and majority investments in financial services, enterprise services and software, Internet, and education services.
Preceding his investment career, Mr. Mason worked at Morgan Stanley, in the firm’s Investment Banking Technology Group as well as Morgan Stanley Technology Ventures. Prior to Morgan Stanley, Mr. Mason worked in the Investment Banking Technology Group at Piper Jaffray.
Mr. Mason graduated from the Harvard Business School with First Year Honors. Mr. Mason is also a graduate of the University of Washington, where he received his B.S. with Honors in Economics and graduated Phi Beta Kappa.
Steve Unterberger, Managing Director, Operations
Steve Unterberger is the Managing Director, Operations and Portfolio Committee chair at Carrick Capital Partners. Prior to joining Carrick, Mr. Unterberger served in several roles for Exult, Inc., a provider of business services related to human resources and business process outsourcing, from February 1999 to October 2004. While there, he was the Business Model Architecture President from June 2003 until it was acquired by Hewitt Associates, Inc. in October 2004. Before Exult, Mr. Unterberger was a US Executive Vice President of SHL Systemhouse, a $2 Billon IT Outsourcer acquired by MCI in 1995. He was also a Senior Manager at Pricewaterhouse Coopers. Mr. Unterberger holds a degree in economics from The University of Pennsylvania.
Mitchell Slodowitz, Chief Financial Officer
Mitchell Slodowitz is the Chief Financial Officer and joined Carrick in December 2013. Mitchell served as Chief Financial Officer of Accretive, LLC from 2000 until 2012. Mitchell’s responsibilities included deal structuring, fund and portfolio management, portfolio financial assistance and tax planning.
Mitchell was also a tax manager in the Personal Tax Group of the New York office at Deloitte & Touche and specialized in high-net-worth individuals and venture capital firms. Mitchell graduated with an Accounting Degree from The College of William & Mary in Williamsburg, Virginia and is a Certified Public Accountant.
Nicolas Chammas, Vice President
Nicolas Chammas is a Vice President at Carrick Capital Partners and is involved in all areas of the firm’s investing activities.
Prior to joining Carrick, Mr. Chammas served as a Vice President with DBO Partners, a San Francisco based merchant bank where he focused on M&A advisory and merchant banking/investing primarily within technology. Prior to DBO, Mr. Chammas was a Senior Associate at GCA Savvian, a boutique advisory firm focused on high growth technology businesses, where he focused on M&A and corporate finance.
Mr. Chammas was previously a Senior Associate at Accel-KKR, a technology-focused private equity firm based in Menlo Park, CA, and he began his career as an Analyst with Credit Suisse in their Technology Investment Banking Group.
Mr. Chammas earned his MBA from the Stanford Graduate School of Business and his BA in Business/Economics from the University of California, Los Angeles.
Chris Wenner, Vice President
Chris Wenner is a Vice President at Carrick Capital Partners and is a member of the founding team. Prior to joining Carrick, he was an investment banking analyst at Perella Weinberg Partners, where he focused on mergers and acquisitions and private capital transactions in the technology industry for clients including Oracle, Google and Hewlett-Packard. Mr. Wenner graduated from the University of California with a Bachelor of Arts in Economics.
Mark Schopmeyer, Associate
Mark Schopmeyer is an Associate at Carrick Capital Partners. Prior to joining Carrick, he was a manager and a founding member of the finance team at BrightRoll, a leading programmatic video advertising company, and helped the company scale from 100 to over 500 employees.
Preceding his start-up career, Mr. Schopmeyer worked in the Technology Investment Banking Group at Jefferies and executed several advisory and financing transactions representing over $4 billion in value, including the sales of Radiant Systems to NCR, Epicor to Apax Partners, and Internet Brands to Hellman & Friedman. Prior to Jefferies, Mr. Schopmeyer worked in the Healthcare Investment Banking Group at Lehman Brothers. Mr. Schopmeyer graduated from the University of California with a Bachelor of Science in Business Administration.
Chris Ho, Associate
Chris Ho is an Associate at Carrick Capital Partners. Prior to joining Carrick, he worked in investment banking, most recently at J.P. Morgan, where he focused primarily on mergers and acquisitions and private capital raises for software, internet, and digital media companies as well as private equity investors. Mr. Ho graduated from Dartmouth College with a Bachelor of Arts in Economics and Government, and was also captain of the Varsity Tennis Team.
Alec Horton, Senior Analyst
Alec Horton is a Senior Analyst at Carrick Capital Partners. Prior to joining Carrick, he was an investment banking analyst at Credit Suisse, where he focused on mergers and acquisitions and equity & debt financing transactions for business services and industrials clients. Mr. Horton graduated with distinction from the University of Wisconsin- Madison with a BBA in Finance.
Shivam Sachaphimukh, Analyst
Shivam “Mac” Sachaphimukh is an analyst at Carrick Capital Partners. Mr. Sachaphimukh graduated from the University of California, Berkeley with a BA in Economics.
Robert Van Wyck, Assistant Controller
Robert Van Wyck is the Assistant Controller and joined Carrick in June 2015. Prior to joining Carrick, he was a tax senior in the partnership group at EY, where he focused on providing compliance and advisory services to real estate investment firms. Robert graduated from Saint Mary’s College of California with a Bachelor of Science in Accounting and is a Certified Public Accountant.
Kenneth L. Coleman, Special Advisor
Mr. Coleman is chairman of Saama Technologies, a leading provider in the data and analytics market. He has also served as a member of the Board of Directors of Accelrys, Inc. since May 2003 and was elected Chairman in February of 2006. He was Founder, Chairman and CEO of ITM Software, an enterprise software company, from October 2000 until December 2005. Prior to that, Mr. Coleman served in various senior executive positions at SGI, such as Executive Vice President of Global Sales, Service and Marketing, Senior Vice President, Customer and Professional Services and Senior Vice President, Administration. Prior to joining SGI, Mr. Coleman was Vice President of Product Development at Activision, Inc., and held various management positions at Hewlett-Packard. Mr. Coleman is a also member of the Board of Directors of United Online, an internet service provider, and City National Bank and is a member of the advisory board of the Ohio State University Business School.
Raul Fernandez, Special Advisor
Mr. Fernandez is the Chairman & CEO of ObjectVideo and former Chairman & CEO of Dimension Data. Prior to that, he was the Founder & CEO of Proxicom, the leading global provider of e-business solutions for Fortune 500 companies. Mr. Fernandez led the company to an IPO in 1999, grew the company to over $200mm in revenue, and sold it to Dimension Data (LSE:DDT). A prominent business leader, he has been profiled by The Wall Street Journal, Fortune, Forbes, CNBC, The Industry Standard, The Washington Post, and CNNfn.
He led the Information Technology Analysis Team for Virginia Governor Mark Warner’s Commission on Efficiency and Effectiveness. He sits on the boards of Fifth and Pacific (formerly known as Liz Claiborne), EXP (formerly TROW), ValueOptions, the nation’s largest independent behavioral healthcare company, and Internosis, an award-winning IT consultancy and systems. He is also co-owner of the NHL’s Washington Capitals and NBA’s Washington Wizards. A native Washingtonian, he is an active philanthropist in DC regional non-profits, focusing his energy primarily on educational reform. Mr. Fernandez holds a Bachelor’s degree in Economics from the University of Maryland.
William H. Frist, M.D., Special Advisor
William H. Frist, M.D is a nationally acclaimed heart and lung transplant surgeon, former U. S. Senate Majority Leader, and chairman of the Executive Board of the health service private equity firm Cressey & Company.
Senator Frist majored in health policy at Princeton University’s Woodrow Wilson School of Public and International Affairs before graduating with honors from Harvard Medical School. Dr. Frist completed surgical training at Massachusetts General Hospital and Stanford under transplant pioneer Dr. Norm Shumway. As the founder and director of the first of its kind Vanderbilt Multi-Organ Transplant Center, he performed over 150 heart and lung transplants and authored over 100 peer-reviewed medical articles and seven books on topics such as bioterrorism, transplantation, service and leadership. He is board certified in both general and heart surgery.
Dr. Frist represented Tennessee in the U.S. Senate for 12 years where he served on both the Health and Finance committees responsible for writing health legislation. He was elected Majority Leader of the Senate, having served fewer total years in Congress than any person chosen to lead that body in history. His leadership was instrumental in passage of the 2003 Medicare Modernization Act to provide prescription drugs at lower costs to seniors and the historic legislation (PEPFAR) that reversed the spread of HIV/AIDS worldwide.
Dr. Frist leads annual medical mission trips to Africa and Haiti, and emergency response teams to disasters around the globe, including Sri Lanka, Bangladesh, Sudan, New Orleans, Haiti, and the horn of Africa. Frist is chairman of both the Hope Through Healing Hands foundation which focuses on maternal and child health and SCORE, a collaborative K12 education reform organization that has helped propel Tennessee to prominence as a reform state.
His current board service includes the Robert Wood Johnson Foundation, Kaiser Family Foundation, Bipartisan Policy Center, Center for Strategic and International Studies, Harvard Medical School Board of Fellows, First Lady Michelle Obama’s “Partnership for a Healthier America” campaign to fight childhood obesity, and the Nashville Health Care Council. He is a member of the advisory committees for global health at Duke, Harvard (with Dr. Paul Farmer), and the Massachusetts General Hospital. His previous board service includes Princeton University and the Smithsonian Institution.
In the private sector, he serves on the boards of Theranos (lab), Unitek (nursing and information technology), Aegis (lab), Aspire (palliative care), MDSave (consumerism), URS (engineering), Select Medical (hospitals), and Accolade (patient navigation).
Currently Frist serves as an adjunct professor of Cardiac Surgery at Vanderbilt University and clinical professor of Surgery at Meharry Medical College. As a leading authority on healthcare, Senator Frist speaks nationally on health reform, government policy, global health, and volunteerism. Dr. Frist has three sons and lives in Nashville, Tennessee.
Tom Mendoza, Special Advisor
Mr. Mendoza is Vice Chairman of NetApp. He joined NetApp in 1994 as VP, North America sales and served as its President from 2000 until 2008, when he was promoted to Vice Chairman. He has given talks on the power of corporate culture and leadership all over the world to such diverse organizations as the U.S. Marine Corps, West Point and Stanford University. Mr. Mendoza holds a BA degree from the University of Notre Dame and is an alumnus of Stanford University's Executive Business Program. In 2000 Notre Dame renamed its business school the Mendoza College of Business after an endowment made by Tom and Kathy Mendoza.
Tom Neff, Special Advisor
Mr. Neff has worked for Spencer Stuart & Associates, N.A. (executive search consulting) since 1976, serving as president of the worldwide firm from 1979 to 1996. Since 1996, he has served as chairman of Spencer Stuart, U.S. Previously, he was a principal with Booz Allen & Hamilton in executive search, CEO of an information systems company and held a senior marketing position with TWA. Earlier, he was a management consultant with McKinsey & Company in New York and Australia. Tom serves on the boards of directors of ACE Limited (chair of governance committee), an $18 billion Zurich-based insurance company. He served on the boards of Hewitt Associates, Macmillan and Exult until they were acquired and also served on the board of the Lord Abbett mutual funds. He serves as a trustee emeritus of Lafayette College and previously served as chairman of the board of the Brunswick School.