Fieldglass sells majority stake to Madison Dearborn

by Matt Moog
October 29, 2010

(Crain's) — Madison Dearborn Partners LLC purchased a majority stake in Fieldglass Inc., which sells software to manage contract labor services. The Chicago-based private-equity firm and Fieldglass, also based in Chicago, declined to specify the size of the investment or stake.

Fieldglass founder and CEO Jai Shekhawat said in a news release that he and the company’s management team will retain a “significant” minority stake. He added in an interview that Madison Dearborn invested more than $200 million, and Fieldglass is now valued at more than $220 million.

 

 

Read the rest of the story on Crains Chicago Business.

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