Chicago Growth Partners

Chicago Growth Partners, LLC is a private equity firm based in Chicago, Illinois, established in 2004. The firm specializes in providing expansion and buyout capital to lower middle-market companies across various sectors, including business services, consumer services, healthcare products, technology, and industrial growth areas. For expansion capital, Chicago Growth Partners typically invests between $5 million and $25 million in companies that generate a minimum of $10 million in revenue and grow at least 15% annually. In buyout scenarios, the firm invests between $10 million and $50 million in companies with revenues exceeding $20 million. Chicago Growth Partners focuses on businesses with strong growth rates and profit margins, often seeking to hold a board seat in its portfolio companies. The firm aims for investment durations ranging from three to seven years, targeting companies with an enterprise value between $10 million and $200 million.

Arda Minocherhomjee Ph.D

Managing Partner

16 past transactions

EndoGastric Solutions

Series I in 2018
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

EndoGastric Solutions

Venture Round in 2015
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

2Checkout

Series A in 2014
2Checkout.com, Inc. is a provider of online payment processing solutions designed for businesses and organizations worldwide. Founded in 1999 and based in Columbus, Ohio, the company offers a comprehensive platform that facilitates the acceptance of payments for physical and digital goods, as well as services. The platform simplifies various aspects of commerce, including global payments, subscription billing, merchandising, tax compliance, and risk management, allowing clients to focus on product innovation and enhancing customer experiences. As of 2017, 2Checkout operates as a subsidiary of Avangate Inc., catering to both small and large enterprises seeking to drive sales growth and improve revenue retention through smarter payment options and efficient sales conversion strategies.

Medical Scribe Systems

Debt Financing in 2014
ScribeAmerica was established in 2003, while the concept of medical scribe utilization in the industry has been anecdotally reported since the 1970's, ScribeAmerica transformed this cottage operation into a national industry. In 2006, we were the first company to demonstrate that the synergy of the Scribe/MD/EMR model could overcome productivity losses experienced by unassisted physicians using EMR. In 2008, we were the first scribe company providing services on both coasts and the only scribe company present at ACEP, AAOS, and SHM. We credit our success to our generous profit-sharing business model whereby the actual Project Leaders who manage our client's programs are rewarded. By enfranchising our employee base, we ensure limited attrition among management and attract the best talent in the industry to run your program.

EndoGastric Solutions

Series G in 2014
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

EndoGastric Solutions

Venture Round in 2012
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

EndoGastric Solutions

Venture Round in 2012
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

EndoGastric Solutions

Series F in 2010
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

Zogenix

Venture Round in 2010
Zogenix, Inc. is a pharmaceutical company focused on developing and commercializing innovative therapies for patients with rare diseases and central nervous system disorders. Headquartered in Emeryville, California, Zogenix is advancing several product candidates, including Fintepla, a low-dose fenfluramine currently undergoing Phase III clinical trials for seizures associated with Dravet syndrome and Lennox-Gastaut syndrome. The company is also investigating MT1621, a therapy for inherited mitochondrial DNA depletion disorder. Additionally, Zogenix has established a collaboration with Tevard Biosciences to explore gene therapies for Dravet syndrome and related genetic epilepsies. The company aims to address significant unmet medical needs in the pharmaceutical landscape, particularly for conditions affecting the central nervous system and chronic pain management. Founded in 2006, Zogenix was previously known as SJ2 Therapeutics, Inc. before rebranding in August 2006.

EndoGastric Solutions

Series E in 2010
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

Zogenix

Series B in 2009
Zogenix, Inc. is a pharmaceutical company focused on developing and commercializing innovative therapies for patients with rare diseases and central nervous system disorders. Headquartered in Emeryville, California, Zogenix is advancing several product candidates, including Fintepla, a low-dose fenfluramine currently undergoing Phase III clinical trials for seizures associated with Dravet syndrome and Lennox-Gastaut syndrome. The company is also investigating MT1621, a therapy for inherited mitochondrial DNA depletion disorder. Additionally, Zogenix has established a collaboration with Tevard Biosciences to explore gene therapies for Dravet syndrome and related genetic epilepsies. The company aims to address significant unmet medical needs in the pharmaceutical landscape, particularly for conditions affecting the central nervous system and chronic pain management. Founded in 2006, Zogenix was previously known as SJ2 Therapeutics, Inc. before rebranding in August 2006.

EndoGastric Solutions

Venture Round in 2009
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

EndoGastric Solutions

Venture Round in 2009
EndoGastric Solutions, Inc. is a medical device company focused on developing and commercializing innovative surgical technologies for the treatment of gastrointestinal diseases, particularly gastroesophageal reflux disease (GERD). The company is known for its Transoral Incisionless Fundoplication (TIF®) procedure, which provides a minimally invasive alternative to traditional surgical methods by allowing treatment without external incisions. Key products include the EsophyX technology, which facilitates transoral reconstructive surgery, and the SerosaFuse Fasteners, designed for secure tissue attachment. Additionally, EndoGastric Solutions offers training courses for surgeons and a range of consultative support services. Founded in 2002 and headquartered in Redmond, Washington, the company also has an office in San Mateo, California.

Xoft

Series E in 2008
Xoft, Inc. develops electronic brachytherapy (eBx) systems for radiation oncology applications. It offers Axxent Controller that utilizes a miniaturized high dose rate (HDR) X-ray source to apply radiation directly to the cancerous tumor bed. The company also provides Axxent balloon applicator, a treatment solution for accelerated partial breast irradiation; Axxent vaginal applicator that enables radiation oncologists to perform vaginal brachytherapy; and Axxent surface applicator that enables radiation oncologists to treat surface lesions. In addition, it offers accessories, such as physics accessory kits, personnel protective shields, procedure accessory packs, patient care kits, applicator clamp and base plates, and vacuum pumps, as well as FlexiShield, which drapes over the patient treatment area to reduce radiation transmission to nearby healthy tissue and organs. The company's products are used to treat early stage breast cancer, skin cancer, and endometrial cancer. It offers its products through physicians and distributors in Europe. Xoft, Inc. was formerly known as Xoft microTube, Inc. and changed its name in September 2004. The company was founded in 1998 and is based in Sunnyvale, California.

TargeGen

Series D in 2007
TargeGen, Inc. is a biopharmaceutical company specializing in vascular biology, focused on discovering and developing small molecule kinase inhibitors. These inhibitors target critical processes such as vascular leakage, vascular proliferation, and inflammation. TargeGen's product offerings address a range of serious medical conditions, including heart attack, cancer, eye diseases, pleural effusions, arthritis, pulmonary edema, transplant ischemia, acute respiratory distress syndrome (ARDS), brain inflammation, and various central nervous system disorders. The company plays a significant role in treating conditions like macular degeneration, diabetic macular edema, and diabetic retinopathy. Founded in 2002 and based in San Diego, California, TargeGen was acquired by Sanofi Aventis in 2010.

Compete

Series B in 2003
Compete specializes in providing digital intelligence services that assist brands in enhancing their marketing strategies by analyzing online consumer behavior. The company offers a range of services that include consumer behavior data for competitive research, performance benchmarking, identification of effective keywords, and analysis of referral sources. It enables businesses to gain insights into online market shares, discover competitors' traffic sources, and pinpoint opportunities to enhance website engagement and conversion metrics. Additionally, Compete provides tools for measuring referral partners, creating connections between online and offline efforts, and identifying cross-selling and up-selling opportunities. The company also focuses on mobile behavioral intelligence to understand the impact of mobile devices on consumer shopping habits. Through these services, Compete aims to deliver actionable insights and comprehensive reports that support informed decision-making for brands seeking to improve customer loyalty and reduce operational costs.
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