M&A Deal Summary

Riverside Acquires Cloudpermit

On September 10, 2024, private equity firm Riverside acquired software company Cloudpermit from Vaaka Partners

Acquisition Highlights
  • This is Riverside’s 27th transaction in the Software sector.
  • This is Riverside’s 8th transaction in Canada.
  • This is Riverside’s 5th transaction in Ontario.

M&A Deal Summary

Date 2024-09-10
Target Cloudpermit
Sector Software
Buyer(s) Riverside
Sellers(s) Vaaka Partners
Deal Type Secondary Buyout

Target

Cloudpermit

Toronto, Ontario, Canada
Cloudpermit is an online software solution for community development. As simple and smart software solutions, Cloudpermit empowers local governments, development communities, and the public with online land management processes. Cloudpermit is based in Toronto, Ontario.

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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 292 of 295
Sector: Software M&A 27 of 27
Type: Secondary Buyout M&A Deals 47 of 49
State: Ontario M&A 5 of 5
Country: Canada M&A 8 of 8
Year: 2024 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 GFOS

Essen, Germany

GFOS provides software solutions for businesses in a variety of areas, including workforce management, access control, and manufacturing execution systems. GFOS was founded in 1988 and is based in Essen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 It s Just Lunch

Palm Desert, California, United States

It's Just Lunch helps busy professional singles find compatible matches. The company has more than 100 locations worldwide, from which it meets with clients one-on-one, and then arranges hundreds of first dates with discretion and expertise. It's Just Lunch was founded in 1991 and is based in Palm Desert, California.

Sell -

Seller(S) 1

SELLER

Vaaka Partners

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 625M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Vaaka Partners is a Finnish private equity firm focused on buyouts of small and medium-sized Scandinavian businesses valued up to €100 million. The Firm does not have any sector preferences and targets companies with sales of €10 to €200 million. Vaaka was originally established in 1989 and was formerly a unit of Pohjola Bank plc. before becoming independent in 2010. Vaaka Partners is based in Helsinki.


DEAL STATS #
Overall 22 of 22
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Molok

Nokia, Finland

Molok is a manufacturer and marketer of deep waste collection containers. Clean, cost-efficient, and easy on the eye – Molok’s innovative waste containers enable effective sorting, recycling, and collection of urban waste. Molok’s Deep Collection system is based on underground containers which are clean, aesthetic, and cost-efficienten. Deep Collection system makes the urban spaces more efficient and helps to meet the tightening hygiene and environmental standards. Longer emptying frequencies will reduce emissions and noise. Molok was founded in 1991 and is based in Nokia, Finland.

Sell -