Claims and Noticing Administrator Poised for Global Growth
New York, NY – Prime Clerk, a claims and noticing administrator based in New York, announced that it has received a strategic investment from the global alternative asset manager The Carlyle Group (NASDAQ: CG).
Shary Moalemzadeh, Managing Director and Co-head of Carlyle Strategic Partners, said, “The Prime Clerk leadership team has harnessed their extensive legal, claims administration and noticing solutions expertise to create a thriving and market-leading business. By leveraging Carlyle’s global network and providing the Company with growth capital, we will help take Prime Clerk to the next level of success. We are proud to partner with this management team.”
Shai Waisman, CEO of Prime Clerk, said, “Together with Carlyle and our existing management team we will continue our growth trajectory, offering new and innovative services in adjacent business lines, and expanding globally. Having Carlyle by our side is a validation of our business model, professionalism and commitment to excellence.”
Prime Clerk was founded by experienced claims administration professionals and seasoned law firm partners to improve the claims administration services industry through improved efficiency, accuracy and customer service.
The company’s services include: pre-bankruptcy filing preparation, noticing solutions, claims administration, balloting and tabulation, secure disbursements, strategic communications and call center support, case specific websites and virtual data rooms.
Prime Clerk clients include: Toys ‘R Us, Inc.; Takata Holdings, Inc.; Avaya Inc.; SunEdison, Inc.; Payless Holdings LLC; and Commonwealth of Puerto Rico.
Equity for the investment came from Carlyle Strategic Partners IV L.P.
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About Prime Clerk
Prime Clerk, a claims and noticing agent founded in 2013 and based in New York, was established by veteran attorneys and consultants to bring next generation technology, leading professionalism and reliable service into a stagnant industry. Prime Clerk delivers tailored, practical and client-collaborative solutions to case administration. www.primeclerk.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.