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  6. Riverside Invests In CRIO

Investment Summary

Riverside Invests In CRIO

On May 21, 2024, private equity firm Riverside invested in software company CRIO

Investment Highlights
  • This is Riverside’s 25th transaction in the Software sector.
  • This is Riverside’s 200th transaction in the United States.
  • This is Riverside’s 8th transaction in Massachusetts.

Investment Summary
Date 2024-05-21
Target CRIO
Sector Software
Investor(s) Riverside
Deal Type Growth Capital

Target

CRIO

Boston, Massachusetts, United States
CRIO provides software designed to digitally track and store clinical research source data. The Company serves 360+ active customers including clinical site networks, single sites, and sponsors/CRO. The company's e-source system drives protocol compliance, eliminates transcription, and saves customers time/resources. CRIO was founded in 2015 and is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Riverside

New York, New York, United States

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 289 of 295
Sector (Software) 25 of 27
Type (Growth Capital) 62 of 65
State (Massachusetts) 8 of 9
Country (United States) 200 of 203
Year (2024) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 Townsend Group

Cleveland, Ohio, United States

Townsend Group provides global real estate and real asset investment advisory services. The company offers complementary asset management, advisory, and capital solutions to LPs and GPs via funds, secondaries, co-investments, and direct investments. It advises global public and private pension plans, insurers, sovereign wealth funds, endowments, and foundations. Townsend Group was founded in 1983 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Virtual IT Group

Shellharbour, Australia

Virtual IT Group provides outsourced IT services, including managed services, professional services and procurement of software licenses and hardware. Its customers are primarily SME and mid-sized businesses, with a smaller number of enterprise clients spanning diverse end-markets including financial services, healthcare and industrials. Virtual IT Group was founded in 2015 and is based in Shellharbour, Australia.

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