Milt Capps points us to a recent Securities and Exchange Commission filing by Council Capital that shows the downtown-based private equity firm is looking to raise $125 million for its third fund. Council's Grant Jackson isn't divulging any info just yet, but the filing indicates he and his team plan to take at least a year to raise the money. Capps also has some more details about Council's profitable recent exit from an Atlanta health IT company.
Nashville-based eMids Technologies has secured its first institutional investment, a $13.3 million round from Council Capital and Robert W. Baird's private-equity group. President and CEO Saurab Sinha tells E.J. Boyer he plans to use some of the cash to buy other health care technology consulting firms: "Given the momentum in the industry and what we were seeing our competitors do, we felt like we had a window to grow even more rapidly. That's sort of made us decide in going down this route and being a little more aggressive about this state of growth."
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