Austin, TX – Tiger Global announced today that it has completed the sale of Parker School Uniforms, LLC to an investment group led by Argosy Investment Partners, Plexus Capital and Salem Investment Partners. Houston-based Parker is the leading provider of premium school uniforms to private and charter schools across the Sunbelt region of the United States including Texas, California, Oklahoma, Kansas, Alabama, Mississippi, Georgia, Tennessee, and Kentucky. Tiger Global made its initial investment in a recapitalization transaction, partnering with owner Mac Shuford, in August 2008. During its ownership, Tiger Global assisted Parker with multiple tuck-in acquisitions and a CEO transition.

Tiger Global Co-Founder, Peter Huff, explained, “We were excited to partner with Mac and help him transform the company, including the acquisition of four companies that helped build Parker’s business substantially. Parker is now a larger and stronger organization, and we are excited for current CEO, Troy Pike, in the next stage of the company’s evolution. Our investment in Parker also produced solid returns for Tiger Global ’s investors.”

Parker and Tiger Global were represented in the transaction by MHT MidSpan, LP and Graves Dougherty Hearon and Moody.

Tiger Global recently closed its second fund, Tiger Global II, L.P. Tiger Global invests in profitable, growing, lower middle-market industrial, manufacturing, service and distribution companies with revenue of $20 to $100 million and EBITDA of $3 to $10 million. Of particular interest are opportunities to partner with founders as the first round of institutional capital in a recapitalization transaction and companies that enjoy leadership positions in niche industries.

For questions or inquiries, please contact Peter Huff at 512-536-1900 or email Peter.Huff@bluesage.com.