Investment Summary

Riverside Partners Invests In Net32

On May 7, 2024, private equity firm Riverside Partners invested in e-commerce company Net32

Investment Highlights
  • This is Riverside Partners’ 1st transaction in the E-Commerce sector.
  • This is Riverside Partners’ 42nd transaction in the United States.
  • This is Riverside Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2024-05-07
Target Net32
Sector E-Commerce
Investor(s) Riverside Partners
Deal Type Growth Capital
Advisor(s) Livingstone Partners (Financial)

Target

Net32

Cary, North Carolina, United States
Net32 is an online marketplace for purchasing dental supplies. The Company leverages proprietary technology to aggregate vendor and manufacturer catalogs into a database of hundreds of thousands of product listings that enables dental professionals to compare pricing easily and transparently. Net32 was founded in 1997 and is based in Cary, North Carolina.

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Investor(S) 1

Investor

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 42 of 42
Sector (E-Commerce) 1 of 1
Type (Growth Capital) 13 of 13
State (North Carolina) 2 of 2
Country (United States) 42 of 42
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Enovate Medical

Murfreesboro, Tennessee, United States

Enovate Medical is a manufacturer of mobile solutions and medical technologies for the healthcare marketplace. Enovate Medical understands the unique needs of healthcare providers and is dedicated to creating products that streamline work flow processes, reduce errors, enhance quality of patient care, increase patient confidence, and put focus back on the patient. Enovate Medical was founded in 2013 and is based in Murfreesboro, Tennessee.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Sequoia Consulting Group

Encinitas, California, United States

Sequoia Consulting Group is a life sciences consulting group that provides technical operations, quality and scientific operations, business transformation, and program and project management services to biotech, pharma, diagnostic, and medical device companies. Sequoia Consulting Group is based in Encinitas, California.

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