Performant Financial, which aids private companies and government agencies in recovering delinquent and default loans, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.
The Livermore, CA-based company, which was founded in 1976 and booked $174 million in sales for the 12 months ended 3/31/2012, plans to list on the NASDAQ under the symbol PFMT. The company's primary shareholder is private equity firm Parthenon Capital Partners. Morgan Stanley, Goldman Sachs, Credit Suisse and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
