1. Home >
  2. M&A >
  3. Growth Capital >
  4. Australia >
  5. Riverside Invests In Virtual IT Group

Investment Summary

Riverside Invests In Virtual IT Group

On June 21, 2024, private equity firm Riverside invested in information technology company Virtual IT Group

Investment Highlights
  • This is Riverside’s 10th transaction in the Information Technology sector.
  • This is Riverside’s 14th transaction in Australia.

Investment Summary
Date 2024-06-21
Target Virtual IT Group
Sector Information Technology
Investor(s) Riverside
Deal Type Growth Capital
Advisor(s) Allier Capital (Financial)
KPMG Law US (Legal)

Target

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.

Search 205,615 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 290 of 295
Sector (Information Technology) 10 of 10
Type (Growth Capital) 63 of 65
Country (Australia) 14 of 14
Year (2024) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Anitox

Lawrenceville, Georgia, United States

Anitox manufactures antimicrobial preservatives for animal feeds, feed ingredients, and foodstuffs for human consumption. The company develops patented products that enhance animal feed safety and hygiene, and improve animal feed manufacturing processes. Anitox was founded in 1977 and is based in Lawrenceville, Georgia.

Sell -
Mergr

Product

Company

Legal