M&A Deal Summary

Riverside Acquires iCEV

On December 15, 2021, private equity firm Riverside acquired internet software and services company iCEV

Acquisition Highlights
  • This is Riverside’s 17th transaction in the Internet Software and Services sector.
  • This is Riverside’s 186th transaction in the United States.
  • This is Riverside’s 22nd transaction in Texas.

M&A Deal Summary

Date 2021-12-15
Target iCEV
Sector Internet Software and Services
Buyer(s) Riverside
Deal Type Buyout (LBO, MBO, MBI)

Target

iCEV

Lubbock, Texas, United States
iCEV is a software as a service (SaaS)-based developer of digital curriculums and educational resources for the career and technical education market. iCEV was founded in 1984 and is based in Lubbock, Texas.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 270 of 295
Sector: Internet Software and Services M&A 17 of 18
Type: Buyout (LBO, MBO, MBI) M&A Deals 142 of 147
State: Texas M&A 22 of 23
Country: United States M&A 186 of 203
Year: 2021 M&A 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Executive Care

Hackensack, New Jersey, United States

Executive Care is a provider of non-medical, in-home services for senior citizens and physically handicapped or injured individuals in need of daily living support. Executive Care provides a wide range of services including personal care, companion care and homemaker services. Executive Care was founded in 2012 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 IFS Group

Birmingham, Michigan, United States

IFS Group is a holding company that provides non-discretionary industrial and field services supporting power generation and process industries.

Sell -